Hong Kong Tax Newsflash

The Legislative Council passed the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022 today to provide tax concession for qualifying transactions and incidental transactions of eligible family-owned investment holding vehicles or family-owned special purpose entities.  The tax concession will apply retrospectively from the year of assessment 2022/23, i.e., from 1 April 2022.

For the features of the family office tax concession, please refer to our Hong Kong Tax Newsflash Issue 166 and Hong Kong Tax Newsflash Issue 179.

^{Tax Newsflash is published for the clients and professionals of Deloitte Touche Tohmatsu. The contents are of a general nature only. Readers are advised to consult their tax advisors before acting on any information contained in this newsletter.}

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Tax Partner
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