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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 |
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$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 |
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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 |
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