Effective from 1 April 2010, 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: (If stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1)
| Amount or value of the consideration | Rate | |
|---|---|---|
| Exceeds | Does not exceeds | |
| $2,000,000 | $100 | |
| $2,000,000 | $2,351,760 | $100+10% of the exceeds over $2,000,000 |
| $2,351,760 | $3,000,000 | 1.5% |
| $3,000,000 | $3,290,320 | $45,000+10% of the exceeds over $3,000,000 |
| $3,290,320 | $4,000,000 | 2.25% |
| $4,000,000 | $4,428,570 | $90,000+10% of the exceeds over $4,000,000 |
| $4,428,570 | $6,000,000 | 3% |
| $6,000,000 | $6,720,000 | $180,000+10% of the exceeds over $6,000,000 |
| $6,720,000 | $20,000,000 | 3.75% |
| $20,000,000 | $21,739,120 | $750,000+10% of the exceeds over $20,000,000 |
| $21,739,120 | 4.25% | |
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 (Note 1) | |
| Term | Rate | |
| Exceeds | Does not exceeds | |
| 1 year | 0.25% 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 | 3.75% of the consideration if rent is also payable under the lease. Otherwise, same duty as for a sale of immovable property | |
| Duplicate or counterpart | HK$5 each | |
*Please note that any deposit which may be mentioned in the lease will not be taken into account in assessing the stamp duty.
*Please click on the following link for further details:
http://www.gov.hk/tc/residents/taxes/stamp/stamp_duty_rates.htm
Note 1: The yearly rent/average yearly rent/total rent has to be rounded-up to the nearest $100.
