The Stamp Duty (Amendment) Ordinance
2011 imposes Special Stamp Duty (SSD) on top of the ad valorem
stamp duty on the disposal of residential properties with
effect from 20 November 2010. Unless the transaction is exempted
from 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, will be subject to SSD.
|