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Stamp Duty Computation (Landed Properties) – Tenancy Agreement

A fixed-rent rental agreement is a rent for which a fixed rent is agreed in advance for the entire rental period. Stamp duty on fixed rent depends on rent tax rates. A premium rental agreement is a lease agreement for which a lump sum payment is made. Stamp duty must be paid on the premium on the basis of BSD rates. In the case of a rent supplement to the premium, stamp duty on rent must be paid on the basis of rental tax rates. The landlord grants an extension of the tenancy period, but grants a rent-free period corresponding to the extended period. Stamp duty must be paid for the extended period. The lease tax is rounded to the next dollar, subject to a minimum tax of $1. Stamp duty must be paid on the consideration or market value of the rental interest transferred, depending on the higher amount, at the BSD rates. 5 Stamp service times are:- Monday to Friday from 8:45 to 5:00 (No lunch break) Saturday, Sunday and public holidays closed 4. A stamp certificate has the same legal status as a traditional stamp. Tariffs 5.

Stamp duty on leases is calculated at rates that vary as follows for the duration of the lease:- The stamp reference rate (note 1) is not defined or is uncertain about the annual or average annual rent (Note 2) No more than one year of the total rent over the duration of the tenancy agreement (note 2) exceeds 1 year; But no more than 3 years of annual rent (note 2) 3 years exceeds 1% of the annual rent (note 2) Key money, construction tax, etc. The additional rent, which is subject to stamp duty, would be $600 9 for example 4A lease for a period of 4 years with a right for the tenant to break at the end of the second year is considered a term of 4 years. Stamp duty calculations are made on the basis of the stamp that documents are stamped within 30 days of the date of the signing of the agreements. Otherwise, sanctions are due. Fixed Rent A lease was signed on July 1, 2010 for an 8-month term with an example of 5 monthly rents of $5,000. Stamp duty is 100 USD [ 5,000 x 8 x ] Fixed rental A 2-copy lease was signed on January 4, 2010 for a period of 2 years with a monthly rent of $7,000. If the term of the tenancy has not started and the lease has been advanced or postponed without any change in the gross rent or the rental period, stamp duty is not payable. (iii) You can visit the Stamp Office in person (3/F, Revenue Tower, 5 Gloucester Road, Wan Chai, HK) and present the original rental contract through the ticket counters.