Home › Mortgage Tools > Stamp Duty

Stamp Duty

With effect from 11:00 am on 28 February 2007, 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:

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

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		3.75%

Note:

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.
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.

Disclaimer:

The above information about Stamp Duty is provided by Inland Revenues Department and is indicative only. Hung Kai Finance Company Limited accepts no liability for the content of the information, or for the consequences of any actions taken on the basis of the information.

You may also want to:
	Check the repayment schedule
	Check out our mortgage referral service
	Contact us