Past Seminars / Events
Programme Code : 20111028
Event Date : 28 October 2011 (Friday)
Time : 18:30-20:30
Venue : Room 1 & 2, 10/F, United Conference Centre, United Centre, 95 Queensway, Admiralty, Hong Kong View google map
Speakers : Mr Richard Lock
Language : English
CPD Credit : 2 hrs
Document : TIHK - Stamp duty on Immovable Property.pdf
Fee : HK $ 250 for TIHK member / student
HK $ 350 for Non-member
HK $ 300 for members of organizations of CPD Alliance

Stamp duty is chargeable in respect of landed property transactions and transfer of Hong Kong stocks.  Members must be familiar with those stampable legal documents such as conveyance on sale, agreement for sale of residential property and leases.  It is also common knowledge that the Stamp Office has recently introduced Special Stamp Duty as a measure for curbing property speculation.  The Institute is therefore pleased to have invited Mr. Richard Lock to share with our members the current position of the stamp duty law on the above issue.

In this seminar, Richard will cover particularly the following Stamp Duty aspects: -

l   The Golden Rule of Ad valorem Stamp Duty - The Transfer of Beneficial Interest

l   Classification of Immovable Property and of Instruments effecting transfer of   Immovable Property for Stamp Duty Purposes

l   Details of Chargeability of such Instruments to Stamp Duty, with particular emphasis on the stamping of Chargeable Agreements (S/P Agreements) in respect of Residential Property and those Chargeable Agreements subject to the so-called Special Stamp Duty recently introduced to curb property speculation

Stamp Duty on Leases with special features including consideration in the form of premium and leases stampable as if conveyance on sale (assignment)

Speaker Profile Content :
Richard is a Barrister-at-Law of Lex Chambers, Hong Kong and Barrister of Lincoln's Inn, England. He was formerly Senior Superintendent (Officer-in-Charge) of Stamp Office of Inland Revenue Department. He was also formerly a Senior Assessor of Tax Field Audit Section and Assessor of Tax Investigation Unit of the Department.