Insights

2026 Policy Address – Tax-Related Policy Measures (On Individuals)

To promote fertility and create a children-friendly environment, the following tax measures under salaries tax and personal assessment will take effect from the year of assessment 2026/27:

Child allowance would be increased from HK$140,000 to HK$160,000 for a taxpayer’s second and subsequent children born on or after 16 September 2026, and the allowance may be claimed until they reach the age of 25 following established procedures.

The additional child allowance for the first two years following childbirth for the aforesaid second and subsequent children would also be increased from HK$140,000 to HK$160,000. This arrangement will take effect from the year of assessment 2026/27.

2026 Policy Address – Stamp Duty Measures

Eligible families (whose children are born on or after 16 September 2026 in Hong Kong and either parent of the children is a Hong Kong permanent resident) having purchased residential properties within the period from one year before to two years after the childbirth are entitled to a stamp duty waiver capped at HK$20,000.

🔗 Official Reference:

Inland Revenue Department: 2026 Policy Address – Tax-related Policy Measures (on Individuals)

Should you have any questions on these, please do not hesitate to contact us.