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Stamp Tax
Stamp Tax
| On Sale or Transfer of Immovable Property in Hong Kong (The first residential property / Non-residential property) | ||
|---|---|---|
| Amount or value of the consideration | Rate | |
| 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 | 3.00% |
| $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% | |
| (Second residential property or above transactions to a flat rate of 7.5%) | ||
| Special Stamp Duty (SSD) | |
|---|---|
| Holding period | Rate |
| 6 months or less | 20% |
| More than 6 months but for 12 months or less | 15% |
| More than 12 months but for 24 months or less | 10% |
| Buyer's Stamp Duty (BSD) - After 25 October 2023 |
|---|
| With effect from 25 October 2023, 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 7.5% on the stated consideration or the market value of the property (whichever is the higher). |
| On Lease of Immovable Property in Hong Kong | |
|---|---|
| Term | Rate |
| Not defined or is uncertain | 0.25% x of the yearly or average yearly rent |
| Does not exceed 1 Year | 0.25% x of the total rent payable over the term of the lease |
| Exceeds 1 Year & Does not exceed 3 Year | 0.5% x of the yearly or average yearly rent |
| Exceeds 3 Years | 1% x of the yearly or average yearly rent |
| Length of Delay | |
| not exceeding 1 month | double the amount of stamp duty |
| exceeding 1 month but not exceeding 2 months | 4 times the amount of stamp duty |
| in any other case | 10 times the amount of stamp duty |