View Single Post
      02-28-2010, 02:04 AM   #11
Icy J
im a car
Icy J's Avatar
Hong Kong
393
Rep
1,064
Posts

Drives: 220i M Sport | 520i M Sport
Join Date: Jul 2008
Location: Hong Kong

iTrader: (0)

Garage List
2014 BMW 220i  [5.00]
Quote:
Private cars
a. the first $150,000 of taxable value
35%
b. on the next $150,000
65%
c. on the next $200,000
85%
d. on the remainder
100%
I got that from the Government's website (don't exactly understand it); I'm guessing that anything over $500k base price is subject to 100% tax. To put that in perspective, if I remember correctly a Ferrari F430's base price is around $1.8 mil - 2 mil, so it would cost about $4 mil HK; over 500k USD.
__________________

'14 220i M Sport | AW/CR | PUR Wheels RS07 19" | KW V1 | MTC Design F2X Kit [CF] | Simon Motorsport Stage 1 ECU Tune | Manhart Race Exhaust/Resonator Delete | ER HFC Downpipe | M Style Grilles | Gloss Black Roof | Custom Steering Wheel | Autotecknic Competition Shift Paddles [YMB]
Instagram: @icyj95 | FB