Government welcomes Legislative Council passing the Stamp Duty (Amendment) (No.2) Bill 2026

The Hong Kong Government issued a statement expressing welcome for the Legislative Council’s approval of the Stamp Duty (Amendment) (No.2) Bill 2026. The amendment modifies the territory’s stamp duty framework, primarily targeting property transactions and specific financial instruments to curb speculative activity and promote market stability. Key changes include adjustments to duty rates, the introduction of tiered thresholds, and clarifications on exemptions for certain transactions such as those involving first‑time homebuyers. The government emphasised that the amendments are designed to balance revenue generation with the need to maintain Hong Kong’s attractiveness as an international financial hub. The bill is expected to take effect on a date announced by the Financial Secretary, with transitional provisions to minimise disruption to ongoing transactions. Stakeholders were invited to provide feedback during the implementation phase, reflecting the administration’s commitment to an open and consultative approach to tax policy reform.

https://www.ird.gov.hk/chs/ppr/archives/26070804.htm