Stamp Duty BSD SSD 2027 Property Calculator HK
Buying a Hong Kong property can involve up to three stamp duties stacking on top of each other: the Ad Valorem Duty (AVD), the Buyer's Stamp Duty (BSD) for non-resident or company buyers, and the Special Stamp Duty (SSD) if you sell within 24 months. After the Feb 2024 Budget the BSD and SSD were largely scrapped — this 2027 calculator applies the current confirmed regime and shows the historical comparison so you understand the savings.
SSD applies if <24 months (now scrapped from Feb 2024).
HK Property Stamp Duty in 2027 — The Post-2024 Regime
The February 2024 Budget Speech announced sweeping changes that took effect 28 February 2024 and continue into 2027: (1) Buyer's Stamp Duty (BSD) of 15% on non-PR buyers was abolished. (2) Special Stamp Duty (SSD) on resales within 24 months was abolished. (3) The AVD scale was simplified — currently Scale 1 was effectively eliminated, leaving Scale 2 as the standard. The maximum stamp duty for a HK PR first-time buyer is now around 4.25% of price for properties above HKD 21,739,130, with lower rates for entry-level prices. Last updated: 2026-05-18. Source: IRD Stamp Duty schedule, Feb 2024 Budget.
Worked Example — HKD 10,000,000 Property, HK PR First-Time Buyer
A first-time Hong Kong Permanent Resident buying a HKD 10,000,000 flat in 2027: AVD Scale 2 rate = 3.75% = HKD 375,000. BSD: HKD 0 (scrapped). SSD: HKD 0 (scrapped). Total stamp duty: HKD 375,000 = 3.75% of price. Compare to pre-Feb 2024: BSD would have added 15% = HKD 1,500,000; AVD Scale 1 would have been 15% = HKD 1,500,000. Total legacy duty: HKD 3,000,000 (30%). Current saving: HKD 2,625,000. This is one of the most aggressive property-tax cuts the IRD has ever made.
Who Still Pays Higher Rates
Even after Feb 2024 changes, three buyer profiles still pay extra: (1) Non-PR individuals — the AVD scale is the same as PRs, but they may face higher banking margins. (2) Companies acquiring residential property — AVD applies at the standard scale, no exemption. (3) PR buyers acquiring residential property while already owning another — they fall into the "second-property" AVD treatment. From 2024 the AVD second-property surcharge was also scrapped, so the practical difference between buyer types is now small. Always check the latest IRD bulletin before signing.
Payment Timing and Refund Mechanics
AVD must be paid within 30 days of the date of agreement for sale and purchase (typically the provisional agreement). Late payment attracts penalties of up to 10x the duty. Eligible refunds (e.g., if you resold a previous property within 12 months of buying the new one) can be claimed via Form IRSD125 within 24 months. After 2024 most refund mechanisms were simplified or made redundant because BSD/SSD were eliminated. For new launches, developers usually pay the buyer's stamp duty as part of the package and pass cost to the price, so always verify the contract clauses carefully.