Executive summary
On 8 March 2022, Hong Kong published a consultation proposal to introduce a tax concession regime (the proposed regime) for family-owned investment holding vehicles (FIHVs) managed by single-family offices (SFOs) in Hong Kong. It is anticipated that the proposed regime will apply retrospectively to any financial year ending on or after 1 April 2022.
This Alert summarizes the key provisions of the proposed regime.
Detailed discussion
Under the proposed regime, an FIHV would be exemp…