Tag: Family Offices
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Hong Kong Bill Introduces Tax Concessions for Family Offices
The Inland Revenue (Amendment) (Tax concessions for family-owned investment holding vehicles) Bill 2022 will exempt family-owned investment holding vehicles (FIHVs) and their portfolios of special purpose entities from tax on transactions carried out by a Hong Kong-based family office. The provision is similar to that already in effect under the unified fund exemption regime. The exemption includes…