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SQESalespersons Qualifying Examination✓EAQEEstate Agents Qualifying Examination

EAQE Conveyancing, mortgages and property tax question: stamp duties

EAA EAQEConveyancing, mortgages and property tax

Mr Tsang, a non-permanent resident, bought a flat in 2025 and sells it in Oct 2026, 14 months later. Which of the following stamp duties apply to the 2026 sale and his 2025 purchase?

A Special Stamp Duty on the sale, because he resold the flat within 24 months of buying it
B Buyer's Stamp Duty on the 2025 purchase, payable now on resale
C Only ad valorem duty; SSD and BSD were withdrawn from 28 Feb 2024
D New Residential Stamp Duty at 7.5% on the sale

Show the answer and explanation

Answer: C. Only ad valorem duty; SSD and BSD were withdrawn from 28 Feb 2024

Answer: Only ad valorem stamp duty applies. Why not the others: - SSD within 24 months: SSD was withdrawn for instruments executed on or after 28 Feb 2024. - BSD on the 2025 purchase: BSD was also withdrawn from that date, so the 2025 purchase attracted none. - NRSD at 7.5%: Withdrawn on the same date. Rule: All residential demand-side management measures (SSD, BSD and NRSD) were withdrawn for instruments executed on or after 28 Feb 2024; ad valorem stamp duty still applies. Source: info.gov.hk press release 28 Feb 2024; IRD FAQ on demand-side management measures; as at Oct 2026

Common mistake

Applying SSD or BSD to transactions after 28 Feb 2024.

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An original question written to the published EAQE syllabus. Figures in the explanation carry their effective dates; check them against the current law before relying on them. Independent exam practice. Not affiliated with or endorsed by the Estate Agents Authority (EAA) or the examination administrator.