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Hong Kong – Property Taxes

Property Tax

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  • Property tax, also known as rates, is a tax on the ownership of a property in Hong Kong. It is based on the value of the property, and is typically paid annually. The tax rate varies depending on the property type and location. For example, the tax rate for residential properties is typically lower than that of commercial properties.

Capital Gains Tax (CGT):

  • CGT is not applicable in Hong Kong, as there is no tax on capital gains in Hong Kong.

Inheritance Tax:

  • Inheritance tax is not applicable in Hong Kong.

Gift Tax:

  • Gift tax is not applicable in Hong Kong.

Tax on Property Income

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  • Property income tax is applicable in Hong Kong, and is based on the rental income earned from a property. The standard tax rate is 15% for individuals and 16.5% for companies.

Tax Advantages in Buying a House in Hong Kong:>

  • As there is no CGT or inheritance tax in Hong Kong, there is no tax on the sale of a property.

  • Hong Kong also has a relatively low property tax rate compared to other cities.

  • The Hong Kong government also offers various exemptions and deductions to encourage home ownership and improve housing affordability, such as the Home Ownership Scheme, which offers subsidised flats for sale to the general public, and the Special Stamp Duty, which is a measure to curb speculation in the property market.

  • You can find more information regarding the property buying and selling process in Hong Kong on the following website: https://www.gov.hk/en/residents/taxes/property/buyingandselling.htm


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