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On Sale or Transfer of Immovable Property in Hong Kong

With effect from 23 February 2013, unless specifically exempted or otherwise provided, stamp duty on sale or transfer of immovable property in Hong Kong is chargeable with ad valorem stamp duty (AVD) at higher rates (Scale 1).  The rates at Scale 1 are 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

1.5%

$2,000,000

$2,176,470

$30,000 + 20% of excess over $2,000,000

$2,176,470

$3,000,000

3%

$3,000,000

$3,290,330

$90,000 + 20% of excess over $3,000,000

$3,290,330

$4,000,000

4.5%

$4,000,000

$4,428,580

$180,000 + 20% of excess over $4,000,000

$4,428,580

$6,000,000

6%

$6,000,000

$6,720,000

$360,000 + 20% of excess over $6,000,000

$6,720,000

$20,000,000  

7.5%
$20,000,000$21,739,130$1,500,000 + 20% of excess over $20,000,000
$21,739,130 8.5%

 

You can refer to the Q&A and examples of calculating AVD on the following links.

 

Please click herehttp://www.gov.hk/en/residents/taxes/docs/IRSD123(E).pdf to download the current stamp duty rates table for immovable property, lease and stock 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.

You can refer to the examples of calculating stamp duty on sale or transfer of immovable property from 1 April 2010 on the following link.

With effect from 20 November 2010, any residential property acquired on or after 20 November 2010, either by an individual or a company (regardless of where it is incorporated), and resold within 24 months (the property was acquired on or after 20 November 2010 and before 27 October 2012) or 36 months (the property was acquired on or after 27 October 2012), will be subject to a Special Stamp Duty (SSD).


SSD is calculated by reference to the stated consideration or the market value of the property (whichever is the higher), at the following rates for different holding periods of the property by the seller or transferor before disposal -

 

Holding periodThe property was acquired
on or after 20 November 2010
and before 27 October 2012
The property was acquired
on or after 27 October 2012
6 months or less15%20%
More than 6 months but for 12 months or less10%15%
More than 12 months but for 24 months or less5%10%
More than 24 months but for 36 months or less-10%

 

With effect from 27 October 2012, unless specifically exempted, Buyer's Stamp Duty (BSD) is payable on an agreement for sale or a conveyance on sale executed for the acquisition of any residential property.  BSD is charged at 15% on the stated consideration or the market value of the property (whichever is the higher).

You can refer to the Q&A and examples of calculating SSD and BSD on the following links.

On Lease of Immovable Property in Hong Kong

Stamp duty is calculated at rates which vary with the term of the lease as follows:

(Where the stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1.)

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

4.25% 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:

(Where the stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1.)

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.

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Last revision date: July 2014

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