Mortgages and tax guides
The basics of a mortgage, how the monthly repayment is worked out, and stamp duty and other taxes on buying.
Stamp duty on buying and renting: who pays and how it is calculated
A purchase attracts ad valorem stamp duty, based on the price or the value of the property. A tenancy agreement must be stamped, with duty based on the term and the rent. Both must be paid within a time limit after signing, at the rates published by the Inland Revenue Department.
Mortgages and tax · Read the articleMortgage basics: how the loan-to-value ratio, rate, term and repayment work
A mortgage has four basic figures: the loan-to-value ratio, the interest rate, the repayment term and the monthly repayment. Understanding how they relate, and how HIBOR-based and prime-based mortgages differ, lets you see the real cost when you compare banks' plans.
Mortgages and tax · Read the article