Unless specifically exempted, BSD is payable on an agreement for sale or a conveyance on sale for the acquisition of any residential property if the RESIDENTIAL PROPERTY is acquired by any person (including limited company) on or after 27 October 2012, EXCEPT A HONG KONG PERMANENT RESIDENT (HKPR) acquiring the property on his/her own behalf (i.e. the person is both the legal and beneficial owner).
BSD is charged at 15% on the stated consideration or the market value of the property (whichever is the higher). BSD is to be charged at a flat rate of 15% on all residential properties, on top of the existing stamp duty and the special stamp duty, if applicable. |
