As announced in the 2023/2024 Budget speech, Hong Kong intends to introduce safe harbours and enhanced tax certainty with respect to the treatment of capital gains on equity interests as capital (rather than revenue) in nature. The government has now released a consultation paper and will take into account the feedback received in drafting an amendment bill to be tabled before the Legislative Council during the second half of 2023. The amendments would become effective from 1 Janua…