Stamp duty calculator mortgage calculators your move. If they have to pay the full transaction costs including stamp duty, agents commission, and legal fees, the cost of buying. Stamp duty calculator for property sales hong kong home net. The amount of stamp duty currently payable on the instrument will be shown. Based on the information entered, the amount of current stamp duty payable by you is computed as follows. The rate of stamp duty varies with the termperiod of the tenancy.
The new stamp duty rates will not apply to hong kong permanent resident buyers who are not beneficial owners of any other residential property in hong kong at the time of acquisition of a residential property. Inland revenue department ird has developed a simple stamp duty computation program to help you calculate the stamp duty payable on property transfer. Stamp duty on a conveyance on sale of land is charged at progressive rates ranging from 1. How to seek the opinion of commissioner on duty chargeable. Hk residential property stamp duty jump to 15% hong kong. Voluntary disclosure of errors for reduced penalties. These rates do not apply to the land and buildings transaction tax lbtt applicable in scotland since april 2015, for transactions in scotland please use our. Parties to a tenancy document are liable to pay stamp duty on the document according to schedule 1 of the stamp duty ordinance cap. Traditional astrology calls this mighty lord of the planets zeus, to the greeks a the greater benefic,a meaning the most powerful and favorable influence venus being the a lesser benefic. Stamp duty computation landed properties tenancy agreement. Stamp duty is a tax that is levied on single property purchases or documents a physical stamp. You usually pay stamp duty land tax sdlt on increasing portions of the property price above. Please input the tenancy details and then press compute.
Feature article by the hong kong government about the rates of stamp duty on sales, transfer and lease of immovable property and transfer of hong kong stock. Stamp duty computation landed properties property transfer avd at scale 2 please input the property price or value and then press compute. Property rates in hong kong assessment, collection and administration. Book a free initial appointment and speak to our partner, embrace financial. Stamp duty calculator for property sales hong kong. Every week, mansion global poses a tax question to real estate tax. More using company share transfers to buy property and. This book covers all facets of property rates and government rent. Stamp duty is a tax on certain written documents that evidence transactions. Im about to run out of credit nnbook every year jupiter, the largest planet in our solar system, changes signs. Certain conveyances on sale of residential property to hong kong permanent residents chargeable with ad valorem stamp duty at scale 2 rates. Yet in hong kong, you better be familiar with the current stamp duty taxes policies or you might end up shocked by what you have to pay for a new apartment in this city already some of the worlds most expensive and unaffordable homes. How is stamp duty calculated on a tenancy document. How does hong kongs new stamp duty proposals affect buying.
Calculate how much stamp duty you will be pay depending on the valuation of your. All sale or lease transactions in hong kong immovable property. As an attempt to cool off residential property market, the hong kong. More using company share transfers to buy property and dodge duties. Common stamp duty remissions and reliefs for property at a glance. Use the stamp duty land tax sdlt calculator to find out roughly how much. Inland revenue department ird has developed a simple stamp duty computation program to help you calculate the stamp duty payable on property transfer instruments i.
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