Hong Kong is preparing to exempt investment gains from crypto and other assets for sophisticated investors, aiming to enhance the region’s appeal as a wealth management hub.
A consultation paper from the Financial Services and the Treasury Bureau proposes expanding capital gains tax exemptions to include overseas properties, carbon credits, private credit, and crypto, Reuters reported Thursday.
Those exemptions would apply to privately offered funds and eligible single-family office investment vehicles. Thursday’s proposal adds further clarity to Hong Kong’s crypto plans.
Still, it is not yet clear when the policy will come into effect should the proposal progress. Hong Kong’s central bank did not immediately return a request for…
Jan 09 2025
