Hong Kong Tenancy Agreement Stamp Duty Calculator

Prosinec 10, 2020 9:05 am Published by

2 The start of the agreement has no influence on the deadline. An unstamped lease cannot be obtained as evidence in civil proceedings and cannot be filed or carried out by any public official or agency. STAMPING PROCEDURE 3. With effect as of August 2, 2004, you can choose one of the following methods to stamp a rental contract: (i) Via Internet () The most convenient way is to file a STAMPING application via the Internet with GovHK. This is a 24-hour service and you do not have to submit the initial lease to the stamp office. PROCEDURES are: Sign in, then click the e-STAMPING connection now. A licence does not transfer any interest in the land and is not responsible for stamp duty. However, if there are doubts about the liability of a rental document with respect to stamp duty, it is a good idea to ask for a decision at the stamping point. The current adjudation fee is $50. Opening an account or checking the business account on page 2/5, an individual business based in Hong Kong hk-sop-hk 517r25e-m (180518) i (1) Account opening in Hong Kong – Hong Kong-based Individual Company 4 You can photocopy the use form.

If the lease is a rental agreement that contains the usual conditions, you can calculate the stamp duty payable and attach the payment cheque to the application form. The cheque must be paid and passed to the Hong Kong Special Administrative Region government or the HKSAR government. Don`t send bars or checks away. The Stamp Office will mail you the stamp certificate within 5 business days of receiving the payment. 1 IRSD119 (E) (8/2012) (iii) Personally at the Stamp Office (3/F, Returns Tower, 5 Gloucester Road, Wan Chai, HK) You can visit the stamp office and present the initial STAMPING lease at the counters. Although a rent certificate may be registered in the land registry, Article 3, paragraph 2 of the Land Registry Regulation provides that the principles of termination and priority do not apply to „bona fide-leasing ratios for a maximum tenancy period of 3 years.“ A rental document is usually executed in counter-parts, both transferred to the Stamp Office of the Inland Revenue Department within 30 days of the execution date.

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