Stamp Duty Rates
On Sale or Transfer of Immovable Property in Hong Kong
Any instrument executed on or after 26 November 2020 for the sale and purchase or transfer of non-residential property will be subject to AVD at the rates under Scale 2.
With effect from 5 November 2016, Scale 1 AVD rates are divided into Part 1 and Part 2. Part 1 of Scale 1 applies to instruments of residential property and Part 2 of Scale 1 applies to instruments of non-residential property and certain instruments of residential property executed on or after 23 February 2013 but before 5 November 2016. Part 2 of Scale 1 is in essence the prevailing AVD at Scale 1 rates before 5 November 2016. The rates at Scale 1 are as follows:
Part 1 of Scale 1 (Applicable to instruments of residential property executed on or after 5 November 2016 ):
A flat rate of 15% of the consideration or value of the property (whichever is the higher)
Part 2 of Scale 1 (Applicable to instruments of residential property executed on or after 23 February 2013 but before 5 November 2016 and instruments of non-residential property executed on or after 23 February 2013 but before 26 November 2020):
(Where the stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1.)
|
Amount or value of the consideration |
Rates at Scale 1 (Part 2) |
|
|
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.
Q & A for Ad Valorem Stamp Duty (AVD)Illustrative examples of the application and computation of AVD
You can refer to the current stamp duty rates table for immovable property, lease and stock in Hong Kong on the following link.
With effect from 11 am on 22 February 2023, 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 |
Rates at Scale 2 |
|
|
Exceeds |
Does not exceed |
|
|
|
$3,000,000 |
$100 |
|
$3,000,000 |
$3,528,240 |
$100 + 10% of excess over $3,000,000 |
|
$3,528,240 |
$4,500,000 |
1.5% |
|
$4,500,000 |
$4,935,480 |
$67,500 + 10% of excess over $4,500,000 |
|
$4,935,480 |
$6,000,000 |
2.25% |
|
$6,000,000 |
$6,642,860 |
$135,000 + 10% of excess over $6,000,000 |
|
$6,642,860 |
$9,000,000 |
3% |
|
$9,000,000 |
$10,080,000 |
$270,000 + 10% of excess over $9,000,000 |
|
$10,080,000 |
$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 10:59:59 am on 22 February 2023 on the following link.
Duty rates from 1 April 1988 to 10:59:59 am on 22 February 2023With 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 period | The 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 less | 15% | 20% |
| More than 6 months but for 12 months or less | 10% | 15% |
| More than 12 months but for 24 months or less | 5% | 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.
Q & A for Special Stamp Duty (SSD)Illustrative examples of the application and computation of SSDQ & A for Buyer's Stamp Duty (BSD)Illustrative examples of the application and computation of BSDOn 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 August 2021, 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 |
0.13% 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 + 0.26% of the value of the stock |
|
Transfer of any other kind |
$5 |
Find out the duty rates from 1 April 1993 to 31 July 2021 on the following link.
Duty rates from 01 April 1993 to 31 July 2021