Based on 2024-25 property transaction data, HK GVT estimates about 15% of property transactions will benefit; legislation will be published in gazette on May 16, 2025.
Adjustment already took effect at 11am on Feb. 26, 2025 under Public revenue protection (stamp duty) order 2025, applies to instruments executed on/after Feb. 26.
On Feb. 26, HK Tax said Stamp duty (amendment) bill to be gazetted.
HK Tax said HK GVT gazetted the Public revenue protection (stamp duty) order 2025 to give effect of law to the Stamp duty (amendment) bill 2025 before it becomes law.
Follows HK GVT Feb. 2025 Financial Secretary delivered Budget speech, see #245115.
Stamp Duty on Properties
The amendment bill implements the adjustment to the value bands of the ad valorem stamp duty (AVD) proposed in the 2025-26 Budget, and will be gazetted on Feb. 28.
Per Budget 2025-26, maximum value of properties chargeable to HKD 100 stamp duty would be raised from HKD 3mn to HKD 4mn with immediate effect from Feb. 26, 2025.
To ease burden of buyers of residential and non-residential properties at lower values.
Based on 2024-25 property transaction data, HK GVT estimates about 15% of property transactions will benefit; legislation will be published in gazette on May 16, 2025.
Adjustment already took effect at 11am on Feb. 26, 2025 under Public revenue protection (stamp duty) order 2025, applies to instruments executed on/after Feb. 26.
