Stamp Duty Rates Table

Sale or Transfer of Immovable Property

On 22 February 2013, the Financial Secretary announced that the Government would amend the Stamp Duty Ordinance to adjust the ad valorem stamp duty (AVD) rates. The new AVD rates are as follows.

Amount or value of the consideration or Value of the Property Rate
Exceeds Does not exceed
  $2,000,000 1.5%
$2,000,000 $2,176,470 $30,000+20% of the exceeds over $2,000,000
$2,176,470 $3,000,000 3.0%
$3,000,000 $3,290,330 $90,000+20% of the exceeds over $3,000,000
$3,290,330 $4,000,000 4.5%
$4,000,000 $4,428,580 $180,000+20% of the exceeds over $4,000,000
$4,428,580 $6,000,000 6.0%
$6,000,000 $6,720,000 $360,000+20% of the exceeds over $6,000,000
$6,720,000 $20,000,000   7.5%
$20,000,000 $21,739,130 $1,500,000+20% of the exceeds over $20,000,000
$21,739,130   8.5%

 

With effect from 20 November 2010, any residential company 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 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%

 

Lease

For 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% of the yearly or average yearly rent
Exceeds Does not exceed
1 year 0.25% of the total rent payable over the term of the lease
1 year 3 years 0.5% of the yearly or average yearly rent
3 years 1% of the yearly or average yearly rent
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

 

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