barani
What is the special stamp duty and double stamp duty? How is it calculated and who is affected?
19.06.2014
Keith W K Lo
Per government sources, SSD is based on the consideration or market value of the property (whichever is higher). The duty will be charged at a rate dependent on how long the property has been held by the seller/transferor as well as when the property was acquired.
 
If acquired between November 20th 2010 and October 26th 2012, the duty will be charged at the corresponding rates:
 
a. 15% - if the property is held less than 6 months
b. 10% - if the property is held between 6 months – 1 year
c. 5% - if the property is held between 1-2 years
If acquired on or after October 27th 2012, the duty will be charged at the corresponding rates:
 
a. 20% - if the property is held less than 6 months
b. 15% - if the property is held between 6 months – 1 year
c. 10% - if the property is held between 1-3 years 
 
Please click here to view a summary of all applicable stamp duties. Also note: http://www.gov.hk/en/residents/taxes/stamp/stamp_duty_rates.htm
19.06.2014
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