Document background
A Bargain Sale Deed is specifically designed for property transactions in Hong Kong where the transfer price is intentionally set below market value. This type of deed is commonly utilized in scenarios involving charitable donations, family transfers, or strategic property dispositions. The document must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance and Land Registration Ordinance. It combines elements of both a sale deed and a gift deed, requiring careful drafting to address the dual nature of the transaction. The Bargain Sale Deed must include specific provisions acknowledging the below-market consideration, detailed property descriptions, clear identification of parties, and proper execution formalities to ensure validity under Hong Kong law. This document is particularly useful for tax planning purposes and charitable giving strategies where partial consideration is desired.
