Extremely Wealthy
Hong Kong’s rich have ways to get around property tax
Hong Kong: Here’s how billionaire Edwin Leong, one of Hong Kong’s largest retail landlords got around Hong Kong’s new property curbs and saved almost $17 million (Dh62.43 million) on his tax bill. He managed to qualify as a first-time homebuyer, purchasing three luxury apartments for HK$1.2 billion ($155 million) on…
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