Hong Kong Inland Revenue has announced the abolition of Doubled Ad Valorem Stamp Duty on Non-residential Property Transactions with effect from 26 November 2020. Inland Revenue also published links for additional details on Ad valorem stamp duty and the relevant FAQs and Illustrative Examples. --- Abolition of Doubled Ad Valorem Stamp Duty on non-residential property transactions The Chief Executive, Mrs Carrie Lam, announced today (November 25) in her Policy Address the introduction of amendments to the Stamp Duty Ordinance to abolish the Doubled Ad Valorem Stamp Duty (DSD) on non-residential property transactions, with effect from tomorrow (November 26) (the Effective...