The buyer`s lawyers will then draw up a formal sales contract based on the results of the due diligence. As soon as both parties accept the form and content, it is executed and registered with the cadastre. The seller is liable to the buyer if he makes a false allegation of fact, and the buyer relies on the false statement and enters into the sale and purchase and suffers a loss due to that trust. Under the Stamp Duty Regulation (Cap.117) (SDO), the seller and/or buyer may be held liable for the payment of DSAs, BSDs and SSDs for the acquisition and disposal of housing. Payments from AVD, BSD and SSD are not mutually exclusive. If stamp duty is paid on the sales contract, HK$100 stamp duty must be paid on the assignment. In most cases, the seller will assign the property as beneficial owner (other capabilities include trustees, confirmers, mortgage borrowers, and personal representatives). . . .