Stamp Duty is a duty imposed on specified instruments/documents. The most common example is buying a property in Hong Kong. There are various implications in terms of the nature of property (residential property vs. non-residential property), type of buyer (whether he is a Hong Kong permanent resident), the length of holding the property before selling it out (e.g. less than 12 months?).
In addition, a Hong Kong stock is subject to stamp duty too. However, there is a group relief arrangement for the stamp duty, where certain conditions have to be fulfilled for applying the relief.
We provide advice to our clients on how to better manage the stamp duty obligation.
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