What stamp duty changes happened in Hong Kong in February 2024?

In February 2024, Hong Kong abolished the Buyer Stamp Duty (BSD), Special Stamp Duty (SSD), and New Residential Stamp Duty (NRSD). The Ad Valorem Stamp Duty (AVD) was reduced to the lower Scale 2 rates for all purchasers, dramatically simplifying property transaction costs.

What is the current Hong Kong property stamp duty?

After February 2024 changes, all buyers pay only AVD Scale 2 rates: $100 (under $3m), 1.5% ($3m-$3.528m), $52,500+0.5% ($3.528m-$4.935m), 2.25% ($4.935m-$6.72m), $150,000+0.5% ($6.72m-$9m), 3% above $9m.

Are there any remaining stamp duty concessions for first-time buyers in HK?

All buyers now pay the same AVD Scale 2 rates after the 2024 reforms. There is no longer a first-time buyer specific rate; the removal of BSD means all buyers including non-permanent residents pay only the standard AVD.

Hong Kong Stamp Duty on Property Transactions Calculator

Calculate Hong Kong stamp duty on residential property. Ad Valorem Stamp Duty (AVD) up to 15%. Buyer Stamp Duty (BSD) 15% for non-permanent residents. Special Stamp Duty (SSD) for resale within 2 years 10-20%. February 2024: SSD and BSD abolished.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate Hong Kong stamp duty on residential property. Ad Valorem Stamp Duty (AVD) up to 15%. Buyer Stamp Duty (BSD) 15% for non-permanent residents. Special Stamp Duty (SSD) for resale within 2 years 10-20%. February 2024: SSD and BSD abolished. Use the hong kong property stamp duty result to inform your calculation.

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Hong Kong Stamp Duty on Property Transactions Calculator

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Frequently Asked Questions

What stamp duty changes happened in Hong Kong in February 2024?

What is the current Hong Kong property stamp duty?

Are there any remaining stamp duty concessions for first-time buyers in HK?