The costs of selling a house or condominium are not limited to the transfer fee. The phrase “capital gains tax” can also be misleading: depending on the seller and property, items to review may include withholding tax, specific business tax, or stamp duty.
Information to Gather Before Estimating
- Sale price and current appraised value.
- Date and method of acquisition, such as purchase, inheritance, or gift.
- Holding period and whether the seller is an individual or a legal entity.
- Residential-use history and house-registration evidence, where relevant.
- Mortgage details and any agreement about who will pay each expense.
Check the Amounts with Official Tools
The Department of Lands provides a transaction-expense calculator and describes it as an initial estimate. It asks users to select a registration type and property, such as a sale, land, building, or condominium unit. The Revenue Department explains specific business tax on property sales and offers a tax calculator; check the official pages before scheduling a transfer.
Ask the responsible land office to estimate the transaction based on the actual documents. Exemptions and calculation bases vary with how the property was acquired and the sale details. Do not use another person’s transaction as your own final estimate.
The linked video does not discuss property sales or taxes, so it is not used as evidence for any tax rate. See property transfer fees and taxes and land and building tax.
Sources: Department of Lands: transaction-expense calculator · Revenue Department: specific business tax
The video shown with this article is not evidence for its content or claims.