REGULAR STAMP DUTY | SPECIAL STAMP DUTY (SSD) | BUYER'S STAMP DUTY | AD VALOREM STAMP DUTY(inclusive of Regular Stamp Duty) | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Transactions Affected | All | Properties purchased after SSD introduction | Properties purchased by company or non-permanent resident | Properties purchased by non first-time buyer | ||||||||||||||||||||||
Responsible for Payment | Purchaser | Both Vendor and Purchaser (negotiable) | Purchaser | Purchaser | ||||||||||||||||||||||
Effective Dates | Ongoing | (A) Properties purchased between 20-Nov-2010 and 26-Oct-2012 (B) Properties purchased after 27-Oct-2012 | From Oct-27-2012 | From 5-Nov-2016 | ||||||||||||||||||||||
Payment Amount | PURCHASE AMOUNT OR CONSIDERATION VALUE (whichever is higher):
| (A) Properties sold within: (B) Properties sold within: | Non-Permanent resident or Company Buyer - 15% | Fixed Rate of 15% | ||||||||||||||||||||||
Exemptions | None | Units purchased by Seller before 20-Nov-2010 or sold after 2-3 years of purchase subject to (A) and (B) above | Permanent HKID Card holders | First time buyers and those not in possession of another property at the time of purchase |
PURCHASE AMOUNT OR CONSIDERATION VALUE (whichever is higher):
Under $2,000,000 | $100 |
$2,000,000 - $2,351,760 | $100 + 10% In excess of $2M |
$2,351,760 - $3,000,000 | 1.50% |
$3,000,000 - $3,290,320 | $45,000 + 10% In excess of $3M |
$3,290,320 - $4,000,000 | 2.25% |
$4,000,000 - $4,428,570 | $90,000 + 10% In excess of $4M |
$4,428,570 - $6,000,000 | 3% |
$6,000,000 - $6,720,000 | $180,000 + 10% In excess of $6M |
$6,720,000 - $20,000,000 | 3.75% |
$20,000,000 - $21,739,120 | $750,000 + 10% In excess of $20M |
Over $21,739,120 | 4.25% |
(A) Properties purchased between 20-Nov-2010 and 26-Oct-2012
(B) Properties purchased after 27-Oct-2012
(A) Properties sold within:
6 months - 15%
1 year - 10%
2 years - 5%
(B) Properties sold within:
6 months - 20%
1 year - 15%
2 years - 10%