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“Bought and Sold Notes” (also call Contract notes) must be submitted for stamping within two days (30 days if the sale takes place outside Hong Kong) of their execution. Ad valorem stamp duty is levied on each contract note (i.e. both the bought note and the sold note) at the amount whichever is the higher of the consideration paid or the value of the shares transferred.

“Transfer as a gift” must be submitted for stamping within one week (30 days if the sale takes place outside Hong Kong) of their execution. Ad valorem stamp duty is levied on each Instrument of Transfer as Gift at the the value of the shares transferred.

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