The Hong Kong Inland Revenue Department has published a government release welcoming the passage of the Stamp Duty (Amendment) Bill 2020 on 17 March 2021, which abolishes the Doubled Ad Valorem Stamp Duty (DSD) rates applicable to non-residential property transactions with effect from 26 November 2020. --- Government welcomes passage of abolition of Doubled Ad Valorem Stamp Duty on non-residential properties The Secretary for Financial Services and the Treasury, Mr Christopher Hui, welcomed the passage of the Stamp Duty (Amendment) Bill 2020 by the Legislative Council today (March 17). The Ordinance gives effect to the proposal in the 2020 Policy...