Stamp duty costs are significant under certain situations, in particular involving acquisition and transfer of immovable properties and shares of high value.
On 25 November 2020, the Chief Executive, Mrs Carrie Lam, announced in her Policy Address to abolish the Doubled Ad Valorem Stamp Duty (“DSD”) on non-residential property transactions with effect from 26 November 2020. Accordingly, any chargeable instruments on commercial property market transactions executed on or after 26 November 2020 will be subject to Stamp […]
