| 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 15%) |
| Special Stamp Duty (SSD) |
| 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 |
| Holding period |
Rate |
Holding period |
Rate |
| 6 months or less |
15% |
6 months or less |
20% |
| More than 6 months but for 12 months or less |
10% |
More than 6 months but for 12 months or less |
15% |
| More than 12 months but for 24 months or less |
5% |
More than 12 months but for 24 months or less |
10% |
| More than 24 months but for 36 months or less |
- |
More than 24 months but for 36 months or less |
10% |
| Buyer's Stamp Duty (BSD) - After 27 October 2012 |
| 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). |
| 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 |
|
|
