Ad Valorem Stamp Duty (AVD) 

AVD for First-time Home Buyers (Rates under Scale 2)

-Only apply for ‘First-time buyer’ – a permanent Hong Kong Residences as they do not own any property when they signing the Sales and Purchase Agreement.

ExceedsDoes Not ExceedStamp Duty Rates
HK$0HK$3,000,000HK$100
HK$3,000,000HK$3,528,420HK$100+10% of excess over HK$3,000,000
HK$3,528,420HK$4,500,0001.5%
HK$4,500,000HK$4,935,480HK$67,500 + 10% of excess over HK$4,500,000
HK$4,935,480HK$6,000,0002.25%
HK$6,000,000HK$6,642,860HK$135,000+10% of excess over HK$6,000,000
HK$6,642,860HK$9,000,0003%
HK$9,000,000HK$10,080,000HK$270,000+10% of excess over HK$9,000,000
HK$10,080,000HK$20,000,0003.75%
HK$20,000,000HK$21,739,120HK$750,000+10% of excess over HK$20,000,000
HK$21,739,1204.25%

AVD for Non-First Time Home Buyers (Rates under Part 1 of Scale 1)

-The AVD aims to curb property speculation, such as “buy-to-sell” deals. Any type of buyers mentioned in the table below will be subject to higher AVD rates (or New Residential Stamp Duty) under Part 1 of Scale 1.

Applicable to higher AVD ratesfrom 5 November 2016 to 24 October 2023on or after 25 October 2023
Non-Hong Kong Permanent Residents15%7.5%
Non-First Time Home Buyers15%7.5%
Buying more than 1 residential property under a single instrument15%7.5%
Buying property in the name of a company15%7.5%

For eligible incoming talents who purchase a residential property in Hong Kong and subsequently become a Hong Kong permanent resident after residing in Hong Kong for seven years, they can apply for a refund of the AVD paid for the first residential property purchased, but they still need to pay the AVD at Scale 2 rates.

The refund is applicable to those talents who purchase a residential property in Hong Kong between 19 October 2022 and 24 October 2023.

It’s worth noting that the tax arrangement has been further relaxed on the day of John Lee’s 2023 Policy Address. Starting from 25 October 2023, the eligible incoming talents no longer have to pay the stamp duty (Rates under Part 1 of Scale 1) upfront unless they fail to become permanent residents after seven years.

Special Stamp Duty (SSD)

This tax is introduced to curb property speculation activities such as quick turnover transactions. It is charged on top of the AVD.

-any properties resold within specific ‘holding periods’ shall be charged.

-only applicable for residential properties acquired on or after 27 October 2012.

SSD Rates for the Holding Periodfrom 27 October 2012 to 24 October 2023on or after 25 October 2023
6 months or less20%20%
More than 6 months but for 12 months or less15%15%
More than 12 months but for 24 months or less10%10%
More than 24 months but for 36 months or less10%N/A

Buyer’s Stamp Duty (BSD)

-This tax,  also known as “non-Hong Kong Permanent Resident Stamp Duty” , is charged against purchasers who are overseas investors or companies on top of the AVD.

Applicable to BSD ratesfrom 27 October 2012 to 24 October 2023on or after 25 October 2023
Non-Hong Kong Permanent Residents15%7.5%
Buying property in the name of a company15%7.5%


AVD for Non-residential Properties

ExceedsDoes Not ExceedStamp Duty Rates
HK$0HK$3,000,000HK$100
HK$3,000,000HK$3,528,420HK$100+10% of excess over HK$3,000,000
HK$3,528,420HK$4,500,0001.5%
HK$4,500,000HK$4,935,480HK$67,500 + 10% of excess over HK$4,500,000
HK$4,935,480HK$6,000,0002.25%
HK$6,000,000HK$6,642,860HK$135,000+10% of excess over HK$6,000,000
HK$6,642,860HK$9,000,0003%
HK$9,000,000HK$10,080,000HK$270,00

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