Legislative Council: Financial Secretary proposes third reading of the Stamp Duty (Amendment) (No.2) Bill 2026 (Chinese only)

During a Legislative Council session, the Financial Secretary delivered a speech proposing the third reading of the Stamp Duty (Amendment) (No.2) Bill 2026, focusing on the fiscal rationale behind the proposed changes. He explained that the amendments aim to refine the existing stamp duty structure, enhance equity, and deter speculative buying in the property market. The speech outlined specific proposals such as increasing duty rates on high‑value transactions, introducing progressive tiers, and expanding exemptions for certain first‑time home purchases. The Financial Secretary also addressed concerns about potential economic impacts, reassuring that the adjustments are calibrated to avoid adverse effects on legitimate home ownership. He highlighted the importance of the legislation in supporting Hong Kong’s fiscal planning and maintaining its position as a leading global financial centre. The debate underscored bipartisan support for the reforms, reflecting a consensus on the need to adapt tax policies to evolving market conditions.

https://www.ird.gov.hk/chs/ppr/archives/26070803.htm