HK's family office hub hopes get another push with new tax regime
The tax concession for family-owned investment holding vehicles will bring more certainty of tax treatment of assets as they appreciate in value, one expert told AsianInvestor.
The passing of the tax concession for family-owned investment holding vehicles bill by Hong Kong’s Legislative Council is another step towards wooing family offices to set up shop in the city and could yet help the financial hub in competing with rival Singapore.
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