A136
Ord. No. 29/88
L.S.
STAMP DUTY (AMENDMENT)
HONG KONG
No. 29 of 1988
I assent.
David WILSON,
Governor.
26 May 1988
An Ordinance to amend the Stamp Duty Ordinance.
[1 April 1988]
Short title and
Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.
1. This Ordinance may be cited as the Stamp Duty (Amendment) commencement. Ordinance 1988 and shall be deemed to have come into operation on 1 April
Amendment of First Schedule.
(Cap. 117.)
1988.
2. The First Schedule to the principal Ordinance is amended under the heading "HEAD 1: IMMOVABLE PROPERTY IN HONG KONG” by deleting sub-head (1) (including Note I thereto) and substituting the following-
.“(1) CONVEYANCE ON SALE
(a) where the amount or value
of the consideration does not exceed $250,000 and the instrument is certified
in accordance with section 29 at $250,000;
(b) where the amount or value
of the consideration exceeds $250,000 but does not exceed $270,057 and the instrument is certified in accordance with
section 29 at $270,057;
(A) (a) $20
(b) $20 plus 10% of the
amount by which the amount or value of the consideration exceeds $250,000