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Head 1AAB / 1C: Buyer's Stamp Duty (which applies to residential properties purchased by non-Hong Kong Permanent Residents or companies) The Special Stamp Duty was enacted by the Legislative Council on 29 June 2011 and would take effect from 20 November 2010. An enhanced rate of the Special Stamp Duty and the Buyer's Stamp Duty was enacted by ...
Jizya is a tax paid by non-Muslims in a Muslim state. Compare to Zakat. Leibzoll was tax that Jews were required to pay in Medieval Europe. Temple tax was a Roman tax used to pay for temples. Tithe is a payment to a church or similar authority. While voluntary in modern times, historically these payments have been mandatory.
Stamp Duty is collected upon existence of certain transactions in Hong Kong. The three major types of transactions that attract stamp duties are transfers of Hong Kong immovable properties, transfers of Hong Kong shares and leases of immovable properties. Stamp Duties are chargeable on dutiable instruments.
Examples of such taxes include some forms of stamp duty, real estate transfer tax, and levies for the formal registration of a transfer. In some jurisdictions, transfers of certain forms of property require confirmation by a notary. While notarial fees may add to the cost of the transaction, they are not a transfer tax in the strict sense of ...
The rate of stamp duty varies for various instruments. Revenue from stamp duties in 2021/22 was $124 million. ... Non-resident trusts - not taxed. See also
In January 2024, Regina Ip, convenor of the Executive Council said that the new residential stamp duty and double stamp duty for non-permanent residents should be eliminated. [122] In February 2024, the DAB and BPA were joined by the New People's Party and Liberal Party, saying that all cooling measures should be eliminated. [123]
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The rate of stamp duty on such transactions varies according to the status of the transferee; if the transferee is a Belonger, then stamp duty on land transfers is assessed at 4%; if the transferee is a Non-Belonger, it is assessed at 12%.