Rental Agreement Stamp Duty Hong Kong

December 15th, 2020

Rental Agreement Stamp Duty Hong Kong

For the stamp of each piece of the rental document, you have to pay 5 USD. A fixed-term lease, established on or after July 9, 2004, expires at the end of its term. Landlords and tenants do not have to issue notices of termination. You or your tenant may also prematurely terminate the tenancy agreement by mutual agreement or in the event of a termination clause in accordance with the contract. Stamp duty is a tax on certain written documents attesting to transactions. Parties to a rental document are required to pay stamp duty on the document in Schedule 1 of the Stamp Duty Regulation (Chapter 117 of Hong Kong Laws). The rate of stamp duty varies depending on the duration/duration of the lease. The current rates are as follows. You and your tenant can usually choose between you the terms of the tenancy agreement, unless they are contrary to the landlord and tenant regulations. As you continue from the 5 Steps page, you will be posted on the first page as a rental contract Details Of the deposit Please click “Online Demonstration” at www.gov.hk/estamping for the demonstration on e-Stamping.

Please visit the Hong Kong eTax website for online registration and stamp duty payments. Personally at the Stamp Office: Address is 3/F, Revenue Tower, 5 Gloucester Road, Wan Chai, HK, you can visit the office, present the original lease for the stamp and pay stamp duty. 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. Under the Landlords and Tenants Regulations (consolidation decree), your tenancy agreement means that the tenant must pay the rent on the due date and that the tenancy agreement is cancelled after non-payment for 15 days in the absence of an explicit agreement on the payment of the rent. They also have obligations other than landowners or owners, such as keeping sufficient rental documents.B. There, after selecting the lease agreement for the stamp application Find here step by step screen for eStamping (lease agreement) guide. Stamp duty levied on a rental document and its equivalent depends on the rent to be paid or the annual or average annual rent. A rent-free period therefore reduces the basis on which stamp duty is calculated. The following examples illustrate the impact of free time on stamp duty payable.

A rental agreement must be stamped within 30 days of execution. You can qualify a rental agreement via the Internet, by mail or in person with the Stamp Office of the Inland Revenue Department.

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