Property agent jailed for conspiracy to defraud over stamp duty
A property agent, charged by the ICAC, was today (March 24) sentenced to four months’ imprisonment at the Tuen Mun Magistrates’ Courts after admitting that he had conspired with a property buyer to deceive the Inland Revenue Department (IRD) into levying a lesser amount of stamp duty by understating the transaction price of a property by $500,000.