Macau: Overview
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Macau: Overview
Macau is one of the two Special Administrative Regions of China, Hong Kong being the other. Although Macau is a part of China, it does not practice socialism because of the “one country, two systems” policy, wherein Macau can enjoy a high degree of autonomy in all matters except foreign and defense affairs.
Macau’s economy depends on tourism. Macau has capitalised on its long history as a gambling centre.
Though all land in Macau belongs to the government and tenure is on a leasehold basis, in reality long lease can be freely bought and foreigners can own property.
TAXES AND COSTS
Last Updated: Dec 18, 2008
Income taxes are low in Macau
Rental Income: Rental income is taxed at a flat rate of 16%.
Capital Gains: Capital gains are subject to complementary tax which is levied at progressive rates, from 9% to 12%.
Inheritance: Inheritance and gift taxes in Macau have been abolished.
Residents: Resident are taxed only on their income from sources in Macau.
RESIDENTIAL PROPERTY AROUND THE WORLD
Asia & Pacific
Looming housing slump in China
America & Caribbean
The great U.S. housing market crash
| RESIDENTIAL PROPERTY FACTS | |
| Price (sq.m): n.a. | Rental Yield: n.a. |
| Rent/month: n.a. | Income Tax: n.a. Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income. |
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Roundtrip Cost:
n.a.
The total cost of buying and then reselling an apartment. Includes: * all transaction taxes and charges: * lawyers' and notaries' fees * agents' fees Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000. |
Cap Gains Tax: n.a. Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation. |
| Landlord & Tenant Law: n.a. Rating is based on a detailed study of each country’s law and practice. | |
JANUARY 2009
- Macau residential market gets government support - Property Report Asia
FEBRUARY 2008
- Macau and Zuhai property market monitor ( pdf - requires free registration) - Jones Lang LaSalle
OCTOBER 2007
OCTOBER 2006
- Macau real estate (pdf) - Colliers Internation
AUGUST 2006
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