As a foreigner and non-permanent resident of Hong Kong, I’ve been told there is a special stamp duty of 15% to purchase a property in HK. Does this apply to all purchases or are there exemptions to paying this additional duty?
Wilson W S Lam
Some properties in HK are company owned properties. There may be instances where a foreigner can purchase the company owning the property. By transferring ownership of the company, foreigners and non permanent residents may be exempt from paying this additional stamp duty.
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