Hong Kong Real Estate Property Tax
The tax is imposed on rental income of owners of land and buildings in Hong Kong.The 15% tax rate is imposed on the assessable value of the rent and other payments to the owner less 20% deduction for maintenance.
Hong Kong Stamp Duty
Stamp duty is imposed on documents of the sale of shares and sale or lease of immovable property.The stamp duty for sale of shares is 0.2%, equally paid by the buyer and the seller.
The tax rates for lease are 0.25%-1% depending on the duration of the lease.
The stamp duty for sale of immovable property is 4.25%-15%.
There is also a special stamp duty varying from 5% to 20% for sale of residential real estate sold within 36 months from the date of purchase.
Hong Kong V.A.T
There is no Value Added Tax, VAT ,GST or any other sales tax in Hong Kong.Hong Kong Real Estate Transfer Tax
There is no real estate transfer tax in Hong Kong.
Hong Kong Inheritance and Gift Tax
There are no inheritance and gift taxes in Hong Kong.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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