4 Oct 2019
HUNG IP SHING v. COLLECTOR OF STAMP REVENUE
- Citation
- [2019] HKCA 1104
- Court
- Court of Appeal
- Case number
- CACV461/2018
The Court held that the assignments, executed to implement a matrimonial court order as an integrated package to achieve substantial equality, were in substance an exchange under s25(7) of the Stamp Duty Ordinance; equality consideration of HK$100,000 (as fixed at the date of the court order) governed the charge, the principal instrument was the assignment effecting transfer of the more valuable property (Assignment A) and stamp duty of 1.5% on HK$100,000 (HK$1,500) was payable on that principal instrument; the other assignment (Assignment B) was not chargeable; the Court answered the Case St…