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FAQ

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e-Stamping services

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Talent Attraction Measure: Stamp duty suspension for eligible incoming talents

  • Foreword –

On 25 October 2023, the Chief Executive announced in his 2023 Policy Address that the Government would introduce a stamp duty suspension mechanism for eligible incoming talents purchasing residential property in Hong Kong.

The Stamp Duty (Amendment) (Residential Properties) Ordinance 2024 (2024 Amendment Ordinance) was published in the Gazette on 9 February 2024 and is deemed to have come into operation on 25 October 2023.  According to the 2024 Amendment Ordinance, for eligible incoming talents who bought the first residential property in Hong Kong on or after 25 October 2023, they can apply for a suspension of the liabilities in respect of Buyer’s Stamp Duty (7.5%) and the New Residential ad valorem Stamp Duty (7.5%) in relation to the instrument executed for the acquisition of the residential property, but they still need to pay ad valorem stamp duty (AVD) at Scale 2 rates.  Such that the overall stamp duty charged will be on par with that charged on first-time home buyers who are permanent residents.  Unless otherwise provided, such arrangement applies to any sale and purchase agreement entered into on 25 October 2023 and onwards.  Upon becoming a Hong Kong permanent resident, they can apply for waiver in relation to the stamp duty suspended.  

Please refer to the FAQs (Q&As 22 – 41) for details of the proposal.

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Talent Attraction Measure: Stamp duty refund for eligible incoming talents

Foreword –

On 19 October 2022, the Chief Executive announced in his 2022 Policy Address that, to encourage incoming talents to stay in Hong Kong for long-term development, the Government would refund the extra stamp duty paid by eligible incoming talents in purchasing residential property in Hong Kong.

The Stamp Duty (Amendment) (No. 3) Ordinance 2023 was published in the Gazette on 30 June 2023 and is deemed to have come into operation on 19 October 2022.  According to the Amendment Ordinance, eligible incoming talents who purchase a residential property in Hong Kong on or after 19 October 2022, and subsequently become a Hong Kong permanent resident after residing in Hong Kong for seven years, they can apply for a refund of the Buyer’s Stamp Duty (15%) and the New Residential ad valorem Stamp Duty (15%) paid for the first residential property (or a residential property to replace their only residential property in Hong Kong) purchased and still held, but they still need to pay ad valorem stamp duty (AVD) at Scale 2 rates, such that the overall stamp duty charged will be on par with that charged on first-time home buyers who are Hong Kong permanent residents.  

Eligible incoming talents include those who enter Hong Kong under specified talents admission schemes (including General Employment Policy, Admission Scheme for Mainland Talents and Professionals, Quality Migrant Admission Scheme, Immigration Arrangements for Non-local Graduates, Technology Talent Admission Scheme, Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents and Top Talent Pass Scheme).

For further information about the measure, please refer to the FAQs and illustrative examples.  

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Ad valorem stamp duty (AVD)

  • Foreword –

The Stamp Duty (Amendment) (Residential Properties) Ordinance 2024 (2024 Amendment Ordinance) was published in the Gazette on 9 February 2024 to give effect to the proposals relating to residential properties announced by the Chief Executive in his 2023 Policy Address.  One of the proposals is to reduce the rate of AVD at Part 1 of Scale 1 from 15% to 7.5% with effect from 25 October 2023.  Under the 2024 Amendment Ordinance, unless otherwise provided, the new rate will be applicable to any instrument executed on or after 25 October 2023 for the sale and purchase or transfer of residential property that is subject to AVD at Part 1 of Scale 1 rate.

Please refer to the FAQs and the illustrative examples for AVD –  Scale 1 and Scale 2

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Buyer's Stamp Duty (BSD)

  • Foreword –

The Stamp Duty (Amendment) (Residential Properties) Ordinance 2024 (2024 Amendment Ordinance) was published in the Gazette on 9 February 2024 to give effect to the proposals relating to residential properties announced by the Chief Executive in his 2023 Policy Address.  One of the proposals is to lower the rate of BSD from 15% to 7.5% with effect from 25 October 2023.  Under the 2024 Amendment Ordinance, unless otherwise provided, the new rate will be applicable to any instrument executed on or after 25 October 2023 for the sale and purchase or transfer of residential property that is subject to BSD.

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Special Stamp Duty (SSD)

  • Foreword –

The Stamp Duty (Amendment) (Residential Properties) Ordinance 2024 (2024 Amendment Ordinance) was published in the Gazette on 9 February 2024 to give effect to the proposals relating to residential properties announced by the Chief Executive in his 2023 Policy Address.  One of the proposals is to shorten the resale period during which SSD can be charged from three years to two years, i.e. shortening the period where the 10% SSD is applicable with effect from 25 October 2023.  Under the 2024 Amendment Ordinance, unless otherwise provided, the new resale period will be applicable to any instrument executed on or after 25 October 2023 for the sale and purchase or transfer of residential property that is subject to SSD.

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Stamp duty on transactions under Shanghai Connect and Shenzhen Connect

 


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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 Simultaneous Business Registration Applications on Registration of Limited Partnership Funds and Simultaneous Notification of Change of Limited Partnership Fund Particulars

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Application for Business Registration Through the Internet

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Application for Business Registration Documents

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Internet Business

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Exemption from payment of Business Registration fee and levy

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Returns

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 Two-tiered Profits Tax Rates Regime

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Salaries tax concessions for eligible carried interest

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Greater Bay Area Youth Employment Scheme - Tax Issues

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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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Election for 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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Request for a Notice of No Objection (NNO) to a Company / Limited Partnership Fund (LPF) Being Deregistered

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Others