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Buying Property as an Expat - Buyers Stamp Duty

  1. #1

    Join Date
    Jun 2012
    Posts
    30

    Buying Property as an Expat - Buyers Stamp Duty

    Hi,

    I was wondering if you buying property in HK as an expat living in China on a work/entrepreneur Visa (but not a "Permanent HK ID card holder), do you still pay the additional 15% Stamp Duty?

    Thanks


  2. #2

    Join Date
    Jan 2010
    Posts
    1,863

    Yes, everyone who is not a PR pays the additional stamp duty ( there are a few exceptions for persons married to a PR co-owning a property I think)

    shri and MandM! like this.

  3. #3

    Join Date
    Feb 2011
    Location
    Hong Kong
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    4,965
    Quote Originally Posted by gz_expat
    Hi,

    I was wondering if you buying property in HK as an expat living in China on a work/entrepreneur Visa (but not a "Permanent HK ID card holder), do you still pay the additional 15% Stamp Duty?

    Thanks
    It's actually a 30% stamp duty.

    Stamp duty is defaulted to 15% for foreigners, companies and non-primary residence. (Whereas there is a tiered scale for HKPR primary home purchase ranging from HK$100 to 8.5%.

    Additional stamp duty of 15% for non-HKPR purchasers.

  4. #4

    Join Date
    Jun 2012
    Posts
    30
    Quote Originally Posted by MandM!
    It's actually a 30% stamp duty.

    Stamp duty is defaulted to 15% for foreigners, companies and non-primary residence. (Whereas there is a tiered scale for HKPR primary home purchase ranging from HK$100 to 8.5%.

    Additional stamp duty of 15% for non-HKPR purchasers.
    Thanks, so if I was to buy it as an individual (or a HK Based foreign owned company) residing in Hong Kong (on a non permanent HKID), it would still be 30%?

  5. #5

    Join Date
    Jan 2010
    Posts
    1,863

    Correct, all non-PR or non-first time buyers pay 15%. In addition to that all non-PR pay 15% "Buyers Stamp Duty"

    gz_expat likes this.