Legislative Council: Financial Secretary calls for resumption of second reading debate on the Stamp Duty (Amendment) (No.2) Bill 2026

The Financial Secretary urged the Legislative Council to resume the second reading debate of the Stamp Duty (Amendment) (No.2) Bill 2026, emphasizing the urgency of finalising the legislative package to support Hong Kong’s economic objectives. He outlined the bill’s key provisions, including adjustments to stamp duty rates on property transactions, modifications to duty thresholds, and expansions of exemptions for specific buyer categories. The Financial Secretary argued that these measures are essential for sustaining market stability, deterring speculative behaviour, and ensuring a fair tax burden across different income groups. He also noted that the amendments align with the government’s broader fiscal strategy to enhance revenue resilience while preserving Hong Kong’s competitive edge. Stakeholders and members of the Legislative Council were encouraged to engage constructively, with a view to passing the bill swiftly and implementing it in a timely manner to support ongoing economic initiatives.

https://www.ird.gov.hk/chs/ppr/archives/26070802.htm