1. Marginal relief is available upon entry into each higher value band.
2. The Scale 2 rates apply to residential property acquired by a Hong Kong permanent resident who does not own any other residential property in Hong Kong at the time of acquisition and in some other specified circumstances. The Scale 1 rates apply to all other cases.
3. The HKSAR Government has proposed to increase the duty rates from Scale 1 rates to a flat rate of 15% on transfer of residential properties. The flat rate, once enacted, will apply retrospectively from 5 November 2016.
The rate of stamp duty on stock transactions is 0.2% of the consideration ($2 per $1,000) per transaction.
Duty of 3% of the market value is charged for any Hong Kong bearer instrument issued in respect of any stock.
The information in this booklet is based on taxation laws and practices as of 22 February 2017 and incorporates legislative proposals and measures contained in the 2017/18 Hong Kong Budget announced on the same date.
Note: Legislative proposals do not become law until their enactment and may be modified by the Legislative Council before being enacted.