Rental Agreement Stamp Duty Hk

By 4 oktober 2021 No Comments

To download buffer apps in large quantities for the broadcast document, please click on the following links to view the demo videos. A rental agreement should determine what you and your tenant have agreed to as your respective rights and obligations. However, certain rights and obligations are implied in a lease, unless there are provisions to the contrary in the lease agreement. For example, your implied obligations are that your tenant can enjoy the ownership and conditions of the property during colonization. You and your tenant can in principle decide between themselves the terms of the rental agreement, unless these are contrary to the landlord and tenant regulation (consolidation regulation). You must, within one month of the conclusion of a lease agreement, submit to the Rating and Evaluation Division, for confirmation, a new lease or a new renewal agreement. For late deposit, a fee of HK$310 is charged. With a copy of the notification that will be returned after confirmation, you will be entitled to take legal action to claim the rent if necessary. Personally in 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 the stamp duty. There is no law specifying whether the landlord or tenant must pay stamp duty. Therefore, the parties to a rental agreement can freely agree among themselves on their respective shares of the stamp duty.

In most cases, the parties pay stamp duty in equal shares. Please visit the Hong Kong eTax website to access online check-in and stamp duty payment. Please click on “Online Demo” on for the e-stamping demonstration. Here you will find a step-by-step guide to eStamping (rental agreement). Subject to the terms of your lease, you and your tenant may be held responsible for public prices and rents. The Rating and Evaluation Department and the Country Department offer a number of online services to facilitate payment. The stamp duty levied on a rental document and its equivalent is based on the rent payable or on the average annual or annual rent. A rent-free period therefore reduces the basis on which stamp duty is calculated.

The examples below illustrate the impact of free time on stamp duty. Via the website (Internet): you can visit the website and provide the necessary details. The last step in the process is the payment of stamp duty. Under the cadastre regulations, a lease with a duration of more than three years must be registered with the cadastre within one month of execution. .