Ad valorem stamp duty (AVD)
Currently, the Ad valorem stamp duty rate for residential property transactions is flat at 15 per cent.
Unless specifically exempted or otherwise provided, the AVD applies to all purchases of residential properties by individuals or companies. AVD does not apply to a first-time homebuyer who is a Hong Kong permanent resident and is not the beneficial owner of any other residential property in Hong Kong at the time of purchase.
In this case, only the lower rates (Scale 2) will apply to such transactions.
Special Stamp Duty (SSD)
The government has introduced special stamp duty, based on the property transaction or the market value (whichever is higher), by any individual or a company resold the property within 36 months.
Holding period | Tax Rate |
<=6 months | 20% |
>6 months to <=12 months | 15% |
>12 months to <=36 months | 10% |
Buyer’s Stamp Duty (BSD)
BSD will levy 15 percent on all non-permanent resident buyers.