01 Investigation
Written by: Zhou Weiqiang, Li Yinglin, He Jinkang
2021-03-18 07:00
Last update date: 2021-03-18 07:00
Hu Xiaoxia, the principal of St. Teresa’s Kindergarten in Datong New Village, was recently complained during working hours and instructed several faculty members to paint murals for the Sheung Shui mansion.
"Hong Kong 01" found that the two village houses involved, believed to be Hu Xiaoxia's family, were purchased in 2014 for 6 million yuan each, while the price of the adjacent village house was 11.3 million yuan at that time.
In her reply, Hu Xiaoxia emphasized that she had purchased the village house at the market price at that time, and denied that the property price was deliberately lowered to save stamp duty, but admitted that the Inland Revenue Department had collected stamp duty on one of the village houses from her.
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Each block of 6 million yuan purchased the entire neighbouring village house at a transaction price of 11.3 million yuan
Hu Xiaoxia's mansion is composed of two small houses that have been paid for land premiums, and there are many suspected unauthorized constructions.
The two houses were completed in 2014, each with a floor area of 2,100 square feet.
At the end of July of the same year, a man and woman surnamed Huang, believed to be Hu Xiaoxia’s family, purchased it for 6 million yuan each and paid a total of 180,000 yuan in ad valorem stamp duty.
According to the information of the Land Registry, a similar small house about 30 meters away from Hu’s house was sold for 11.3 million yuan in July 2014. In other words, the purchase price of Hu Xiaoxia’s house was 40% lower than the market price.
Hu Xiaoxia’s mansion consisted of two small houses with paid land prices. At the end of July 2014, they were purchased by a man and woman surnamed Huang for 6 million yuan each. However, according to the information of the Land Registry, they were about 30 meters apart from Hu’s house. Small house, the transaction price of the whole building in July 2014 was 11.3 million yuan.
(Photo by Liang Pengwei)
Several pieces of farmland near Hu Zhizhuang's mansion
Sheung Shui Qianqian Village has always been an important town for the Hou clan in Sheung Shui. The two small houses in Hu Xiaoxia's mansion were also sold to his family by two original residents surnamed Hou.
In addition to the purchase of two small houses, Hu Xiaoxia also purchased five agricultural land next to the mansion for hundreds of thousands to one million yuan in batches to form a luxury house with an indoor practical area of 4,200 square feet and a garden of more than 4,000 feet.
When Hu Xiaoxia accepted the inquiry, she emphasized that the village house was purchased at the market price at that time, and actively pointed out that she did not deliberately raise or lower the transaction price, "it will not save stamp duty."
Hu Xiaoxia (left) said that he emphasized that the village house was purchased at market price at that time, and that it generally cost less than tens of millions to buy a village house at that time, but his statement was inconsistent with the transaction record.
(Picture from the Kindergarten Association website)
Acknowledge tax recovery
She also said that there were village houses built in "bad land" at that time, and each one was asking for only 2.5 million yuan, and the purchase of a village house at that time generally cost less than ten million yuan.
Her statement is inconsistent with the transaction record.
But Hu Xiaoxia admitted that the Inland Revenue Department thought that one of her larger village houses was undervalued, and stamp duty was added after the tax was assessed again, but she could not remember how much tax was paid at that time.
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