Stamp Duty Ordinance

Stamp Duty Ordinance
Stamp Duty Ordinance
Traditional Chinese	印花稅條例
Yale Romanization
Transcriptions
Yue: Cantonese
Yale Romanization	Yan fāa seui tìuh laih
Jyutping	Jan3 faa1 soei3 tiu4 lai6

Stamp Duty Ordinance
Stamp Duty Ordinance
Legislative Council of Hong Kong
	Long title An Ordinance to consolidate and amend the law relating to stamp duty. ;
Citation	Cap. 117
Enacted by	Legislative Council of Hong Kong
Commenced	29 May 1981
Legislative history
Introduced by	Financial Secretary Sir Charles Philip Haddon-Cave
Introduced	27 February 1981
First reading	11 March 1981
Second reading	27 May 1981
Third reading	27 May 1981
	Status: Current legislation

The Stamp Duty Ordinance is one of Hong Kong Ordinances which regulates the law of stamp duty.

Some notable sections of the ordinance

Section 2 - Interpretation: This section introduce the terms always appear in this ordinance. The examples are Hong Kong bearer instrument, Hong Kong stock, conveyance, contract note.
Section 4 - Charging of, liability for, and recovery of stamp duty
Section 8 - Duplicates and counterparts
Section 9 - Late stamping
Section 10 - How instruments to be written, charged and stamped
Section 13 - Adjudication of stamp duty by Collector
Section 14 - Appeal against assessment
Section 15 - Non-admissibility, etc. of instruments not duly stamped
Section 16 - Provisions relating to certain leases etc.
Section 18I - Power of Collector to inspect instrument or evidence
Section 19 - Contract notes, etc. in respect of sale and purchase of Hong Kong stock
Section 22 - Stamp duty chargeable where consideration in respect of immovable property consists of stock or security other than stock
Section 24 - Stamp duty chargeable where conveyance etc. is in consideration of debt etc.
Section 29H - Exemptions and relief
Section 31 - Duty of trustees and managers to keep records
Section 45 - Relief in case of conveyance from one associated body corporate to another: regulate relief between parent companies and subsidiaries.^[1]
Section 53 - Liability for offences by bodies corporate
Section 54 - Inspection of books of account etc.
Section 56 - Offences relating to stamps
Schedule 1 - The Hong Kong stamp duty heading
- Head 1: All transactions of sale or lease of interests in Hong Kong immovable property.
- Head 2: The transfer of Hong Kong Stock.
- Head 3: All Hong Kong bearer instruments.
- Head 4: Any duplicates and counterparts of the above documents.

References

^ "Hong Kong group stamp duty court challenge and Chinese amendment to income tax on lump-sum termination payments". International Tax Review. 1 February 2002.

External links

Official website

[1] "Hong Kong group stamp duty court challenge and Chinese amendment to income tax on lump-sum termination payments". International Tax Review. 1 February 2002.

[1]

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