Is BSD still applicable in Hong Kong?

No. The Buyer's Stamp Duty was fully removed on 28 February 2024. All buyers, including non-permanent residents and companies, now pay only AVD Scale 2 rates regardless of residency status.

When must stamp duty be paid after a property purchase?

Stamp duty must be paid within 30 days of executing the agreement for sale and purchase. Late payment attracts a penalty of up to 10 times the duty amount.

Can stamp duty be paid in installments?

No, Hong Kong stamp duty must be paid as a lump sum within the 30-day deadline. There is no installment payment facility available from the Inland Revenue Department.

What happens if I resell my property within 2 years?

Since the removal of Special Stamp Duty (SSD) in February 2024, there is no additional duty for reselling property within any holding period. You only pay AVD on the new transaction.

Do non-residents pay more stamp duty than Hong Kong permanent residents?

No longer. Since February 2024, the 7.5% Buyer's Stamp Duty for non-permanent residents and companies has been abolished. All buyers pay the same AVD Scale 2 rates.

Is stamp duty deductible from profits tax?

Stamp duty on property purchases is not deductible against profits tax. It is considered a capital expenditure and cannot be claimed as a business expense for tax purposes.

Hong Kong Stamp Duty Calculator 2026

Calculate property stamp duty for Hong Kong residential purchases including Ad Valorem Stamp Duty (AVD), Buyer's Stamp Duty (BSD) for non-permanent residents, and Special Stamp Duty (SSD) for resale within the holding period. Updated with the February 2024 policy changes that removed BSD and SSD. Based on Inland Revenue Department (ird.gov.hk) rates.

Property Purchase Price (HKD) Enter the full consideration or market value of the property, whichever is higher.

Buyer Type Since Feb 2024, all buyer types pay the same AVD Scale 2 rates. BSD has been removed.

Property Type

Total Stamp Duty Payable

HK$0

Effective Rate: 0%

Property Price

HK$0

AVD (Ad Valorem Stamp Duty)

HK$0

Rate: 0%

BSD (Buyer's Stamp Duty)

HK$0

Removed Feb 2024

SSD (Special Stamp Duty)

HK$0

Removed Feb 2024

Stamp Duty Breakdown

Property Purchase Price	HK$0
AVD Rate Applied	0%
AVD Amount	HK$0
BSD (removed Feb 2024)	HK$0
SSD (removed Feb 2024)	HK$0
Total Stamp Duty	HK$0

AVD Scale 2 Rate Table (Post-Feb 2024)

Property Value (HKD)	Rate
Up to $3,000,000	1.5%
$3,000,001 - $4,500,000	2.25%
$4,500,001 - $6,000,000	3%
$6,000,001 - $9,000,000	3.75%
$9,000,001 - $20,000,000	4.25%
Over $20,000,000	4.25%

2024 Policy Change: On 28 February 2024, the Hong Kong government fully removed the Buyer's Stamp Duty (BSD) and Special Stamp Duty (SSD) for all property transactions. Previously, BSD was 7.5% for non-permanent residents and companies, and SSD ranged from 10% to 20% for properties resold within 6 to 24 months. Only AVD (Scale 2) now applies to all residential property transactions. Source: ird.gov.hk.

What Is Hong Kong Stamp Duty?

Hong Kong stamp duty is a property transaction tax levied by the Inland Revenue Department (IRD) on the purchase or transfer of immovable property. The primary duty applicable today is Ad Valorem Stamp Duty (AVD), calculated as a percentage of the property's purchase price or market value, whichever is higher. In February 2024, the Hong Kong government removed both the Buyer's Stamp Duty (BSD) and Special Stamp Duty (SSD), making the property market significantly more accessible. All rates in this calculator are sourced from ird.gov.hk. Last updated: May 2026.

AVD Scale 2 Rates Explained

AVD Scale 2 applies to all residential property transactions in Hong Kong since the removal of the tiered system in 2024. The rates are progressive, ranging from 1.5% for properties valued at up to HK$3 million, to 4.25% for properties exceeding HK$20 million. Unlike many jurisdictions that use marginal banding (where each tranche is taxed separately), Hong Kong applies the full band rate to the entire property value once a threshold is crossed. For non-residential properties, the same Scale 2 rates apply. This flat-within-band approach means small price differences near a threshold can produce a noticeable jump in duty, so buyers should pay close attention to the exact purchase price relative to each band boundary.

2024 Policy Changes: BSD and SSD Removed

Prior to 28 February 2024, non-permanent residents and companies purchasing residential property in Hong Kong were subject to a 7.5% Buyer's Stamp Duty (BSD) on top of AVD. Additionally, any residential property resold within 24 months attracted a Special Stamp Duty (SSD) of 10% to 20% depending on the holding period. Both levies have been fully abolished. This landmark policy change makes Hong Kong one of the most tax-friendly property markets in Asia for foreign buyers and short-term investors. The removal was designed to stimulate transaction volumes and restore confidence in the property market after several years of declining prices.

Tips for Minimizing Stamp Duty in Hong Kong

While the removal of BSD and SSD has already significantly reduced costs, buyers can still optimize their stamp duty obligations. First-time buyers benefit from the same Scale 2 rates as all other purchasers since the 2024 changes. Consider the property price relative to band thresholds. A property priced at HK$3,050,000 attracts a 2.25% rate on the full amount rather than 1.5%, so negotiating below the threshold saves more than the price reduction alone. Joint tenancy versus tenancy in common has implications for future stamp duty liability if one owner subsequently purchases another property. Always verify whether the IRD assesses duty on the nominal consideration or the market value, especially for transactions between related parties. Stamp duty must be paid within 30 days of executing the sale and purchase agreement, and late payment attracts penalties of up to 10 times the duty amount.