Form IRSD110 Property Document Summary of Stamping Applications

Form IRSD110 Property Document Summary of Stamping Applications

Form IRSD110 is a statutory form from the Inland Revenue Department. It is a consolidated summary that accompanies a stamping application for property transactions. The form requires the applicant to list and describe each property document presented for stamping. This includes conveyances, agreements for sale, assignments, and other real estate instruments. The summary organises the submission and declares the key particulars of each instrument.

Purpose of Form IRSD110 in the Stamping Process

When a property transaction occurs, the relevant instruments must go to the Stamp Office for stamping. The Stamp Office assesses the proper stamp duty payable based on the consideration, the transaction's nature, and the property category. Form IRSD110 acts as a cover sheet. Without this itemised list, the Stamp Office cannot efficiently process the application.

File the form with the original instruments, such as the assignment or conveyance, and supporting documents like the sale and purchase agreement, certificate of identification, and proof of payment. The IRD uses the summary to cross-check the documents and record the stamping outcome. The form does not replace the need for adjudication or payment of duty; it is a procedural requirement.

IRSD110 Property Document Summary

This section requires a summary of each property document submitted. For each document, include:

• Document type: Specify whether it is a conveyance, assignment, agreement for sale, lease, mortgage, or other instrument.
• Date of the document: The date the instrument was executed.
• Parties to the document: The full names of the transferor and transferee, or the lessor and lessee.
• Property description: The address, lot number, and any other unique identifier.
• Consideration: The amount of money or other valuable consideration.
• Stamp duty payable: The amount of stamp duty assessed or estimated, if known.

Ensure the particulars match the original documents exactly. Any discrepancy may cause the Stamp Office to reject the application or require a corrective declaration.

Hong Kong Stamping Application Summary

The stamping application summary is the core of Form IRSD110. It consolidates all property documents into a single schedule for the Stamp Office. Complete the summary in duplicate if you require a stamped copy for your records. The IRD retains one copy and returns the other with the stamping certificate.

The summary includes a declaration section where the applicant or their authorised representative confirms the information is true and complete. This declaration is a formal statement under the Stamp Duty Ordinance (Cap. 117). A false declaration may result in penalties or prosecution.

Form IRSD110 Property Stamping

"Form IRSD110 property stamping" refers to the form's use for stamping property instruments. The Stamp Office requires the form for any application involving more than one document, or when the applicant seeks adjudication of stamp duty. The form may also be requested for a single, complex transaction, such as a transfer of multiple properties.

Attach the original instruments and any certified true copies. The Stamp Office may also request additional documents, such as a corporate transferee's certificate of incorporation or a power of attorney if the applicant is not a party to the transaction.

Stamping Application Summary Form

The stamping application summary form is the official name for Form IRSD110. It is available for download from the IRD website or in paper from the Stamp Office. The IRD revises forms periodically, so always check the current version before completion.

The summary form requires listing each document in a table. The table columns are:

Column	Information Required
Document No.	Sequential number for each instrument
Type of Document	Conveyance, assignment, agreement, etc.
Date of Document	Date of execution
Parties	Names of transferor and transferee
Property Description	Address, lot number, or other identifier
Consideration	Amount in HK$
Stamp Duty Payable	Amount assessed or estimated

Complete all columns for each document. Write "N/A" if a column is not applicable.

Completing the Form: Details and Submission

The details for Form IRSD110 come directly from the property documents. Extract the following particulars:

• Full names of the parties: These must match the instrument exactly. For corporate parties, include the company name and its Hong Kong Business Registration number.
• Property description: Use the same description as in the instrument, including the lot number, street address, and any encumbrances.
• Consideration: State the consideration in Hong Kong dollars. If the consideration is not monetary, describe its nature and value.
• Date of execution: This is the date the instrument was signed, not the transaction or registration date.

Submit the completed Form IRSD110 with the original instruments to the Stamp Office in person or by post. Retain a copy of the form and the stamped instruments for your records.

Declaration and Particulars

The declaration on Form IRSD110 is critical. The applicant must declare that the particulars are true and that the documents are the original instruments or certified true copies. The applicant or their authorised representative signs the declaration. If the applicant is a company, a director, the company secretary, or a person authorised under a power of attorney must sign.

The particulars section requires the total number of documents submitted and the total stamp duty payable. This total must match the sum of the individual amounts listed in the table. The Stamp Office uses this total to issue the stamp certificate.

Practical Guidance for Business Owners and Advisers

When preparing Form IRSD110, follow these steps:

1. Gather all original property documents and certified true copies.
2. Read each instrument and extract the required particulars.
3. Complete the table on the form, listing each document separately.
4. Calculate the total stamp duty payable based on the Stamp Duty Ordinance rates.
5. Sign and date the declaration.
6. Submit the form and the documents to the Stamp Office.

If the transaction involves multiple properties or complex instruments, seek professional advice from a solicitor or a stamping agent. Errors on the form may delay stamping or result in penalties.

For the current version of Form IRSD110, refer to the Inland Revenue Department's forms index. The Stamp Office can also provide guidance on completing the form for a specific transaction.