On November 29, Reuters reported that a consultation document from the Financial Services and Treasury Bureau in Hong Kong suggested expanding the capital gains tax exemptions to include overseas properties, carbon emissions, private credit, and cryptocurrencies. This change would impact private equity funds and qualifying single-family office investment vehicles.
The proposal aims to provide more information on Hong Kong’s cryptocurrency strategy. However, it is uncertain when the policy will take effect if the proposal moves forward. Hong Kong has not responded to requests for comment on the matter.
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