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Stamp Duty Rates
On Sale or Transfer of Immovable Property in Hong Kong
With effect from 1 April 2010, stamp duty on sale of immovable property in Hong Kong is charged at rates which vary with the amount or value of the consideration as follows:
(Where the stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1.)
Amount or value of the consideration | Rate | |
Exceeds | Does not exceed | |
| $2,000,000 | $100 |
$2,000,000 | $2,351,760 | $100 + 10% of excess over $2,000,000 |
$2,351,760 | $3,000,000 | 1.5% |
$3,000,000 | $3,290,320 | $45,000 + 10% of excess over $3,000,000 |
$3,290,320 | $4,000,000 | 2.25% |
$4,000,000 | $4,428,570 | $90,000 + 10% of excess over $4,000,000 |
$4,428,570 | $6,000,000 | 3% |
$6,000,000 | $6,720,000 | $180,000 + 10% of excess over $6,000,000 |
$6,720,000 | $20,000,000 | 3.75% |
$20,000,000 | $21,739,120 | $750,000 + 10% of excess over $20,000,000 |
$21,739,120 | 4.25% | |
With effect from 1 April 1999, the exact amount or value of the consideration will be used to compute the stamp duty for property transfers. That is, round-up of the value or consideration to the nearest $100 is no more required.
With effect from 31 January 1992, stamp duty at the same rates as conveyances of immovable property is chargeable on agreements for the sale and purchase of residential property. After the agreement has been so stamped, the related conveyance will be chargeable with a fixed stamp duty of $100 only.
Find out the duty rates from 1 April 1988 to 31 March 2010 on the following link.
- Duty rates from 1 April 1988 to 31 March 2010http://www.ird.gov.hk/eng/pdf/sd_pty_rates.pdf
You can refer to the FAQs and the examples of calculating stamp duty on sale or transfer of immovable property from 1 April 2010 on the following link.
- FAQs and Examples of calculating stamp duty on sale or transfer of immovable property from 1 April 2010http://www.gov.hk/en/residents/taxes/docs/examples_of_stamp.pdf
On Lease of Immovable Property in Hong Kong
Stamp duty is calculated at rates which vary with the term of the lease as follows:
Term | Rate | |
Not defined or is uncertain | 0.25% x of the yearly or average yearly rent (Note 1) | |
Exceeds | Does not exceed |
|
| 1 year | 0.25% x of the total rent payable over the term of the lease (Note 1) |
1 year | 3 years | 0.5% x of the yearly or average yearly rent (Note 1) |
3 years | . | 1% x of the yearly or average yearly rent (Note 1) |
Key money, construction fee etc. mentioned in the lease | 3.75% of the consideration if rent is also payable under the lease. Otherwise, same duty as for a sale of immovable property | |
Duplicate or counterpart | $5 each | |
Note 1: The yearly rent/average yearly rent/total rent has to be rounded-up to the nearest $100.
Please note that any deposit which may be mentioned in the lease will not be taken into account in assessing the stamp duty.
On Transfer of Hong Kong Stock
With effect from 1 September 2001, stamp duty on sale or purchase of any Hong Kong stock is charged at rate which vary with the amount or value of the consideration as follows:
Nature of Document | Rate |
Contract Note for sale or purchase of any Hong Kong stock | 0.1% of the amount of the consideration or of its value on every sold note and every bought note |
Transfer operating as a voluntary disposition inter vivos | $5 + 0.2% of the value of the stock |
Transfer of any other kind | $5 |
Find out the duty rates from 1 April 1993 to 31 August 2001 on the following link.
- Duty rates from 01 April 1993 to 31 August 2001http://www.ird.gov.hk/eng/pdf/sd_stock_rates.pdf
Related Links
- Stamp Duty Computation (Landed Properties)http://www.gov.hk/en/residents/taxes/etax/services/stamp_duty_computation.htm
- Documents & Persons Liable for Stampinghttp://www.gov.hk/en/residents/taxes/stamp/documents_for_stamping.htm
- Methods of Stampinghttp://www.gov.hk/en/residents/taxes/stamp/methods_of_stamping.htm
- Private Property & Building Managementhttp://www.gov.hk/en/residents/housing/private/index.htm
GovHK Welcomes Your Suggestion If you have any suggestions or comments about this article, please email them to enquiry@1835500.gov.hk. Your feedback will help GovHK serve you better.
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