Stamping Of Tenancy Agreement Hong Kong

According to the land settlement, a lease of more than three years must be registered with the land registry within one month of completion. Other leases, including those with the option of renewing the existing lease, may also be registered. Please note that a rental agreement must be stamped before being registered in the land registry and, if necessary, recognized as evidence by the courts. Phone, About, E-mail, Leave, Hong Kong, Kong, About to leave hong kong A rental document is usually executed in return, both of which are transferred within 30 days of the date of execution to the Stamp Office of the Department of Internal Revenue. Therefore, a document creating a lease contract longer than 3 years (i.e. a lease agreement) would have to be registered, otherwise it would tend to be defeated by the landlord`s rightful rights holders and would lose its priority over other registered documents relating to the same property. Stamp stamp certificates issued by Stamp Revenue`s collector have the same legal status as conventional instrument stamps. To verify the authenticity of the certificates, see www.gov.hk/estamping. You should submit a notice of a new lease or renewal agreement to the rating and valuation department for approval within one month of the execution of a lease agreement. In case of late filing, a fee of 310 HK is charged. If a copy of the notification is returned after approval, you have the right to take legal action to claim rent if necessary. 3 Select the lease as part of the STAMPING application.

Read the instructions and details of the input app. Pay online via PPS, VISA or MasterCard or print the payment notice and pay tax through existing payment channels. Finally, print the stamp certificate as instructed and attach it to the rental agreement. (ii) By mail (Box 28827, Gloucester Road Post Office, Wan Chai, HK) You can file a STAMPING application on paper [IRSD111 (E)] by mail. You do not have to join the original lease. The form is available by fax at 2598 6001 or downloaded from the IRD website from or from the Stamp Board. 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. (iii) You can visit the Stamp Office in person (3/F, Revenue Tower, 5 Gloucester Road, Wan Chai, HK) and present the original rental contract through the ticket counters.

Print Friendly