Hong Kong Stamp duty

hong kong stamp duty revenue stamp , overembossing die

according schedule 1 of hong kong stamp duty ordinance cap.117 (sdo), stamp duty applies legal binding documents classified 4 heads:

head 1: sale or lease transactions in hong kong immovable property.
head 2: transfer of hong kong stock.
head 3: hong kong bearer instruments.
head 4: duplicates , counterparts of above documents.

one example shares of companies either incorporated in hong kong or listed on hong kong stock exchange. other said shares, hk stock defined shares , marketable securities, units in unit trusts, , rights subscribe or allotted stock. stamp duty on conveyance on sale of land charged @ progressive rates ranging 1.5% 8.5% of amount of consideration. maximum rate of 8.5% applies consideration exceeds hk$21,739,130.

in addition, in response overheated property market, government has proposed in 2010 , 2012 2 further types of stamp duties in respect of conveyances on sale of land:

head 1aa / 1b: special stamp duty (which applies residential properties resold within 3 years after purchase)
head 1aab / 1c: buyer s stamp duty (which applies residential properties purchased non-hong kong permanent residents or companies)

the special stamp duty enacted legislative council on 29 june 2011 , take effect 20 november 2010. enhanced rate of special stamp duty , buyer s stamp duty enacted legislative council on 27 february 2014 take effect retrospectively 27 october 2012.