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FAQ

 


e-Stamping of Property Document

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Ad valorem stamp duty (AVD)

  • Foreword –

    AVD at Scale 1 and Scale 2
    The Stamp Duty (Amendment) (No. 2) Ordinance 2014 (Amendment Ordinance) was gazetted on 25 July 2014.  The Amendment Ordinance provides that the ad valorem stamp duty (AVD) payable on certain instruments dealing with immovable properties executed on or after 23 February 2013 (the Effective Date) shall be computed at higher rates (Scale 1), unless specifically exempted or provided otherwise.  The major exception, amongst others, is where the property is a residential property, and the purchaser/transferee is a Hong Kong permanent resident (HKPR) who is acting on his/her own behalf and does not own any other residential property in Hong Kong at the time of acquisition.  In such case, the instrument will be subject to AVD at lower rates (Scale 2).  The Amendment Ordinance also advances the timing for charging AVD on non-residential property transactions from the conveyance on sale to the agreement for sale executed on or after the Effective Date.  Please see the FAQs for AVD - Scale 1 and Scale 2.

    Proposed new AVD rate
    On 4 November 2016, the Government announced that the Stamp Duty Ordinance would be amended to increase the AVD rates for residential property transactions to a flat rate of 15%.  Under the Government’s proposal, any instrument executed on or after 5 November 2016 for the sale and purchase or transfer of residential property, unless specifically exempted or provided otherwise, will be subject to the proposed new AVD rate (a flat rate at 15% of the consideration or value of the residential property, whichever is the higher).  The exemptions and exceptions introduced through the 2014 Amendment Ordinance will not be affected.  Thus, a HKPR acquiring a residential property where he/she is acting on his/her own behalf and does not own any other residential property in Hong Kong at the time of acquisition will continue to be subject to AVD at Scale 2 rates.  The refund mechanism under the existing regime for HKPR buyer who changes his/her single residential property will also be retained.   The amendment will not affect transactions relating to non-residential properties either.  Please see the FAQs for AVD - proposed new AVD rate.  

    The FAQs are prepared based on the Government’s current proposal, which has to be put into effect through the enactment of legislation and is subject to amendment during the legislative process.


     

  • Q & A for ad valorem stamp duty (AVD) - at Scale 1 and Scale 2
  • Illustrative examples of the application and computation of AVD - at Scale 1 and Scale 2
  • Q & A for ad valorem stamp duty (AVD) - Proposed new AVD rate
  • Illustrative examples of the application and computation of AVD - Proposed new AVD rate

 

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Buyer's Stamp Duty (BSD)

  • Foreword –

    The Stamp Duty (Amendment) Ordinance 2014 (Amendment Ordinance) was gazetted on 28 February 2014. Among others, the Amendment Ordinance imposes Buyer's Stamp Duty (BSD) on residential property transactions with effect from 27 October 2012. Unless the transaction is exempted from BSD, any agreement for sale or conveyance on sale for acquisition of any residential property executed on or after 27 October 2012 will be subject to BSD. BSD is charged on residential property transactions, on top of the existing ad valorem stamp duty and the special stamp duty, if applicable.

  • Q & A for Buyer's Stamp Duty (BSD)
  • Illustrative examples of the application and computation of BSD

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Special Stamp Duty (SSD)

  • Foreword –

    With effect from 20 November 2010, unless the transaction is exempted from Special Stamp Duty (SSD) or SSD is not applicable, any residential 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 on or after 27 October 2012), will be subject to SSD.



  • Q & A for Special Stamp Duty (SSD)
  • Illustrative examples of the application and computation of SSD

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Stamp duty on transactions under Shanghai Connect and Shenzhen Connect

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Stamp duty on Mutual Recognition of Funds between the Mainland and Hong Kong

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Stamp Duty Assessment

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One-stop Company and Business Registration and One-stop Notification of Change of Company Particulars

 

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Application for Business Registration Through the Internet

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Application for Business Registration Documents Through the Internet

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Returns

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Chargeability to Profits Tax on Gain from Property Transactions

 

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Application for Holdover of Provisional Tax

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Eligibility to elect Personal Assessment

 

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Allowances and Deductions

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Payments and Refunds

 

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Tax Reserve Certificates

 

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e-Seminars

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Others

 

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