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Hong Kong Stamp Duty (Amendment) Ordinance 2018 Published

26 January 2018

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Approved Changes

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Hong Kong

The Hong Kong Inland Revenue Department announced on 19 January 2017 that the Stamp Duty (Amendment) Ordinance 2018 has been published in the Official Gazette. --- The Stamp Duty (Amendment) Ordinance 2018 has been gazetted The Amendment Ordinance increases the ad valorem stamp duty ("AVD") rate on certain instruments executed on or after 5 November 2016 for dealing with residential properties to a flat rate of 15%. For Hong Kong permanent residents who change their residential property and wish to claim partial refund of the AVD paid on acquisition of the new property,  the Amendment Ordinance also extends the time limit...