In certain circumstances, transactions that are subject to stamp duty in Hong Kong may qualify for relief under Section 45 of the Hong Kong Stamp Duty Ordinance. PKF Hong Kong provides expert assistance in navigating these relief applications to minimize stamp duty liabilities, particularly for significant corporate or estate planning transactions.

Our services include:-

• Eligibility Assessment: We review your transaction details to determine whether it qualifies for relief under Section 45, which typically applies to transfer of property or shares under specific conditions, such as transfers between connected persons or as part of a scheme of reconstruction.
• Preparation of Application Documents: Our team prepares all necessary documentation and supporting evidence to substantiate your claim for relief, ensuring compliance with the requirements set out by the Hong Kong Inland Revenue Department (“IRD”).
• Coordination with Authorities: We handle submission of the relief application and liaise with the IRD on your behalf, addressing any requests for additional information or clarification.
• Strategic Advice: We advise on the implications of applying for relief, including potential impacts on your overall tax and estate planning strategies, and recommend the optimal timing for submission.

Utilizing Section 45 relief can lead to substantial cost savings and facilitate smoother transactional processes. PKF Hong Kong’s experienced team ensures that your application is well-prepared and thoroughly managed, helping you achieve optimal tax efficiency in your property or share transactions.