2026 Policy Address – Tax-related Policy Measures (on Individuals)

On 16 September 2026, the Chief Executive in his 2026 Policy Address proposed the following measures in order to promote fertility:

The above measures have to be implemented through legislative amendments. Highlights of the measures are set out in the following paragraphs. It should be stressed that details of the measures are subject to change during the legislative process.

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Increase the amount of child allowance and additional child allowance for newborns for the second and subsequent children

The Chief Executive proposed in his 2026 Policy Address that in order to promote fertility, the amount of child allowance would be increased from $140,000 to $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 $140,000 to $160,000. This arrangement will take effect from the year of assessment 2026/27.

The above proposal will be implemented after completion of the legislative process.

Please refer to Frequently Asked Questions for details.

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Stamp duty concession on acquisition of residential properties by newborn child families

The Policy Address proposed that eligible families (i.e. 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 $20,000.

The stamp duty concession will take effect upon enactment of the amendment ordinance.  Please refer to Frequently Asked Questions for details.