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A: When you transfer the shares of your company, the stamp duty will be charged at rate on the total value of your company or the par value of the shares, whichever is higher. The current rate for the stamp duty is set at 0.1% of the value on every sold note and every bought note.
If an instrument of transfer is executed, a stamp duty of $5 is required. If a declaration of trust is executed, an adjudication fee of $50 is payable.
The Amendment Ordinance will be published in the Gazette on 16 November 2023 and come into operation on 17 November 2023. Under the Bill, the rate of stamp duty chargeable on a contract note for the sale or purchase of any Hong Kong stock (not being jobbing business) will be reduced from 0.13% to 0.1%.
Subject to the conditions set out in section 45 of the Stamp Duty Ordinance (the Ordinance), stamp duty relief is available for the transfer of immovable property or shares from one associated body corporate to another.
The time limit for stamping is different, depending on the type of the instruments. It varies from 2 to 30 days. Besides, for residential property transactions, you can request deferral of payment and the maximum period of deferral is 3 years after the date of the earliest agreement.
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People also ask

How are stamp duties in Hong Kong calculated, and when are they paid? PriceAVD: Permanent resident buyerAVD: Non-permanent resident*, or permanent resident second propertyHK$10,080,001 to HK$20 million3.75%7.5%HK$20,000,001 to HK$21,739,120HK$750,000 + 10% of excess over $20M7.5%Over HK$21,739,1214.25%7.5%8 more rows
Summary. The 2023 Policy Address delivered on 25 October 2023 proposed to reduce the stamp duty rate on transfer of Hong Kong stock from 0.13% to 0.1% for each of the buyer and the seller. The legislative process for implementing the reduced stamp duty rate is now completed.
The landlord, tenant and any other persons signing the tenancy agreement are liable for the payment of stamp duty. A tenancy agreement has to be stamped within 30 days from the date of its signing. Late stamping will incur a penalty of up to a maximum of 10 times of the original amount of stamp duty.
Hong Kong stamp duty relief Bodies are associated if: One is beneficial owner of not less than 90% of the issued share capital of the other; or. A third such body is beneficial owner of not less than 90% of the issued share capital of each.
Generally, the penalty for late stamping can be docHub: RM25 or 5%, whichever is greater, if the instrument is stamped within three months after the time of stamping. If it is beyond three months but not more than six months, the penalty is RM50 or 10%, whichever is greater.

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