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PRESS RELEASE

(Source : news.gov.hk)

LCQ15: Stamp duty on stock transactions

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Following is a question by the Hon Sin Chung-kai and a written reply by the Secretary for Financial Services and the Treasury, Professor K C Chan, in the Legislative Council today (November 7):

Will the Government inform this Council of the estimated and actual income from stamp duty on stock sales and purchases in each of the past five tax years?

Reply:

Madam President,

The Administration's estimated and actual receipts from stamp duty on stock transactions in the past five financial years are listed below:

    Original
Estimate
($m)
  Revised
Estimate
($m)
  Actual
Collection
($m)
    ----------   ----------   ----------
2006-07   7,350.0   13,600.0   15,027.1
2005-06   6,550.0   7,050.0   8,129.4
2004-05   6,100.0   6,200.0   6,388.0
2003-04   3,350.0   5,550.0   6,018.9
2002-03   5,205.0   3,000.0   3,088.2

Ends/Wednesday, November 7, 2007
Issued at HKT 11:40

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