Taxes
There are currently a number of Taxes that investors should be completely aware of, the most important ones are listed below.
The tax system is always being reviewed, so please do consult with us for changes and updates to the tax system.
At present, the Tax system is;
For Property Buyers:
Stamp Duty
- 1% up to MOP2,000,000
- 2% from MOP2,000,000 to MOP4,000,000
- 3% on all sums over MOP4,000,000
For Property Sellers
There are no Capital Gains Taxes
For Property Owners
-
Ground Rent
Yearly tax based on an assessed value of the land by the government. Usually no more than HKD1,000 per year
-
Property Tax
Based on the assessed value of the property by the government. Usually amounts to less than HKD2,000 per year
-
Rental Income Tax
10% of the rental income from the property, less the related expenses (revised from 16% in 2011).