Hong Kong Inland Revenue has issued a release welcoming the passage of the Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024 by the Legislative Council on 11 December 2024. The legislation waives the stamp duty payable on the transfer of shares or units of real estate investment trusts (REITs) and on transactions amounting to jobbing business of options market makers, and provides for a revised stamp duty collection arrangement upon the implementation of the uncertificated securities market (USM) regime in Hong Kong. The stamp duty waiver will be implemented on 21 December 2024. --- Government welcomes passage of Stamp Duty Legislation...