Estate Duty
Estate Duty is payable on the value at the date of death of a deceased person's property situated in Hong Kong that is transferred on the person's death. It is also imposed on certain gifts of Hong Kong property made by the deceased person within three years before death. Estate Duty is payable regardless of whether the deceased was a resident of Hong Kong. The rates of Estate Duty are:
|
Principal Value of Estate |
Rate of Estate Duty |
|
|
|
|
Below HK$7,500,000 |
Nil |
|
HK$7,500,001 to HK$9,000,000 |
5% |
|
HK$9,000,001 to HK$10,500,000 |
10% |
|
HK$10,500,001 or above |
15% |