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FEE SCHEDULES

Rates of Stamp Duty

[Where the stamp duty calculated includes a fraction of $1, round-up the duty to the nearest $1.]

On Sale or Transfer of Immovable Property in Hong Kong

With effect 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:-

Amount or value of the consideration

Rate

Exceeds

Does not exceed

.

$2,000,000

$100

$2,000,000

$2,351,760

$100 + 10% of excess over $2,000,000

$2,351,760

$3,000,000

1.5%

$3,000,000

$3,290,320

$45,000 + 10% of excess over $3,000,000

$3,290,320

$4,000,000

2.25%

$4,000,000

$4,428,570

$90,000 + 10% of excess over $4,000,000

$4,428,570

$6,000,000

3%

$6,000,000

$6,720,000

$180,000 + 10% of excess over $6,000,000

$6,720,000 $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%

Note : (i)

With effect from 1 April 1999, the exact amount or value of the consideration will be used to compute the stamp duty for property transfers. That is, round-up of the value or consideration to the nearest $100 is no more required.

(ii)

With effect from 31 January 1992, stamp duty at the same rates as conveyances of immovable property is chargeable on agreements for the sale and purchase of residential property. After the agreement has been so stamped, the related conveyance will be chargeable with a fixed stamp duty of $100 only.

 

On Lease of Immovable Property in Hong Kong
For lease, duty is calculated at rates which vary with the term of the lease as follows :-

Term

Rate

Not defined or is uncertain

0.25% x of the yearly or average yearly rent (Note(i))

Exceeds

Does not exceed

 

.

1 year

0.25% x of the total rent payable over the term of the lease (Note(ii))

1 year

3 years

0.5% x of the yearly or average yearly rent (Note(i))

3 years

.

1% x of the yearly or average yearly rent (Note(i))

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

$5 each

Note : (i)

The yearly rent/average yearly rent/total rent has to be rounded-up to the nearest $100.

(ii)

Any deposit which may be mentioned in the lease will not be taken into account in assessing the stamp duty.

 

 


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