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      02-28-2010, 01:04 AM   #11
Icy J
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Hong Kong
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Drives: 220i MSport AW/CR
Join Date: Jul 2008
Location: Hong Kong

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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.
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'14 220i M Sport | AW/CR | Exotics Tuning CF | M135i Exhaust | M Performance Grilles