The Financial Secretary (FS) announced the 2021/22 Hong Kong Budget (Budget) on 24 February 2021. This Alert summarizes the key features of the Budget.

Detailed discussion

Increasing the stamp duty rate on stock transfers

The FS has proposed an increase in the stamp duty rate on stock transfer transactions from 0.1% to 0.13%, payable by both buyers and sellers (i.e., a total stamp duty rate of 0.26%)…