On Sale or Transfer of Immovable Property in Hong Kong (The first residential property / Non-residential property)
Amount or value of the consideration
Rate
Exceeds
Does not exceed
$3,000,000
$100
$3,000,000
$3,528,240
$100 + 10% of excess over $3,000,000
$3,528,240
$4,500,000
1.5%
$4,500,000
$4,935,480
$67,500 + 10% of excess over $4,500,000
$4,935,480
$6,000,000
2.25%
$6,000,000
$6,642,860
$135,000 + 10% of excess over $6,000,000
$6,642,860
$9,000,000
3.00%
$9,000,000
$10,080,000
$270,000 + 10% of excess over $9,000,000
$10,080,000
$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%
(Second residential property or above transactions to a flat rate of 7.5%)
Special Stamp Duty (SSD)
Holding period
Rate
6 months or less
20%
More than 6 months but for 12 months or less
15%
More than 12 months but for 24 months or less
10%
Buyer's Stamp Duty (BSD) - After 25 October 2023
With effect from 25 October 2023, unless specifically exempted, Buyer's Stamp Duty (BSD) is payable on an agreement for sale or a conveyance on sale executed for the acquisition of any residential property. BSD is charged at 7.5% on the stated consideration or the market value of the property (whichever is the higher).
On Lease of Immovable Property in Hong Kong
Term
Rate
Not defined or is uncertain
0.25% x of the yearly or average yearly rent
Does not exceed 1 Year
0.25% x of the total rent payable over the term of the lease
