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Government rent in Hong Kong started on July 1, 1997, with the inception of the Joint Declaration. It said that new land grants contain a standard condition that the lessee is required to pay an annual rent, equal to 3% of the rateable value from time to time of the land leased.
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including 235 islands. In the Treaty of Nanking, in 1842, the Qing government agreed to make HongKong a Crown colony, ceding it 'in perpetuity', following...
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of 67.4% in the United States. GovernmentrentinHongKong, formerly the crown rent, is levied in addition to rates. Properties located in the New Territories...
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