Global

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  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 2/26/2014

Hong Kong - Stamp duty changes for residential property transactions 

February 26: Hong Kong’s Legislative Council passed a bill to amend the stamp duty as imposed on residential property transactions. The measures are effective retroactively from 27 October 2012 and include:
  • Enhanced special stamp duty rates
  • A 15% buyer’s stamp duty on residential property acquired by any person (including companies) that is not a Hong Kong permanent resident

The aim of this legislation is to address concerns about Hong Kong’s inflated residential property market.


Read a February 2014 report [PDF 596 KB] prepared by the KPMG member firm in Hong Kong: Stamp Duty (Amendment Bill) 2012 passed by Legislative Council




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