According to a report, Hong Kong officials outlined plans at a meeting of the Legislative Council's Financial Affairs Committee to broaden existing tax exemptions for funds, single family offices and associated rights. The proposed expansion would add digital assets and precious metals, alongside other investments. The report said the amendment would take effect from the 2025/26 tax year if approved, meaning it remains a proposal rather than a rule currently in force.

What Hong Kong's Proposed Tax Expansion Would Cover

The report describes a broad revision of the exemption framework, rather than a measure focused solely on crypto. Under the reported plan, Hong Kong would expand the regime for funds, single family offices and associated rights to cover larger single-investor funds and a wider range of eligible investments.

Digital assets are among the categories specifically named. The report also lists loans, private debt investments and precious metals, framing the proposal as a broader effort to bring more fund structures and alternative-asset exposures within the existing tax-benefit framework.

This distinction matters for readers specifically seeking a Hong Kong digital-asset tax break. The reported measure is not described as a new, standalone crypto tax regime. Instead, it would extend existing exemptions used by funds and family-office structures, with digital assets included as one category within the wider package.

Reported Scope and Timing at a Glance

The supplied report identifies the following key elements of the proposal:

Would Digital Assets Be Covered From the 2025/26 Tax Year?

Not under an enacted rule yet. The supplied report makes the 2025/26 start date conditional on approval. The most accurate reading is therefore that Hong Kong is signaling an intended implementation timeline for a proposed amendment, rather than confirming that digital assets are already legally covered by the exemption.

That addresses the main practical question for funds and family offices: although digital assets are named in the reported proposal, its legal effect still depends on the amendment completing the approval process. The supplied material does not include the bill text, a commencement clause or operational details on how the 2025/26 reference would work in practice.

The takeaway is limited but useful. Hong Kong has reportedly moved toward explicitly including digital assets in a broader expansion of tax exemptions for funds and family offices. However, the 2025/26 date should be treated as a proposed timeline subject to approval, not evidence that the tax treatment is already in force.