Waiver Request of Late Payment Interest

This is a waiver request of late payment interest. In this letter, the sender lodges a request to waive the interest because they went out of town during the payment period.

Request to Revise Tax Assessment

This is a request to revise the tax assessment. In this letter, the sender makes the request and explains the reason for that.

Time Apportionment Application

This is a Time Apportionment Application. In this letter, the sender provides the income and attachment of the time apportionment calculation for their accrued income. 

What are the Scale 1 and Scale 2 Ad valorem stamp duty?

The Stamp Duty (Amendment) (No. 2) Ordinance 2014 (2014 (No. 2) Amendment Ordinance) was gazetted on 25 July 2014. The 2014 (No. 2) Amendment Ordinance provides that the ad valorem stamp duty (AVD) payable on certain instruments dealing with immovable properties executed on or after 23 February 2013 shall be computed at higher rates (Scale … Read more

In general, how is ad valorem stamp duty (AVD) applicable to residential and non-residential properties in Hong Kong?

For residential properties, the ad valorem tax (AVD) generally applies to residential properties in Hong Kong. For non-residential properties, unless specifically exempted or otherwise provided, only Part 2 of Scale 1 will apply to the acquisition of all non-residential properties from 5 November 2016 to 25 November 2020. Reference: https://www.ird.gov.hk/eng/faq/index.htm#avd 

When will I have to pay an “adjudication fee”?

Anyone can request the Collector of Stamp Revenue to assess whether certain documents are chargeable with stamp duty and on the amount chargeable thereon. This may be subject to an adjudication fee of $50. Not all documents are subject to such fees, for example, instruments operating as gifts. These exempted documents are listed under the … Read more

What is the time limit for stamping?

Different documents have different time limits for stamping. Here are some time limits for some common documents: Nature of document Time limit (within __ after the date of execution) Conveyance on sale (including deed of gift) 30 days Lease 30 days Contract note for purchase or sale of Hong kong stock 2 days (if effected … Read more

What are the consequences of omission or late stamping a document?

Both the landlord and tenant will be liable to civil proceedings by the Collector of Stamp Duty of the Inland Revenue Department when there is an omission to stamp the relevant document. Penalties will be imposed if the tenancy agreement is not stamped before or within the time for stamping, by the Collector of the … Read more