The Hong Kong Government has introduced a bill on the tax concessions for family-owned investment holding vehicles, once passed it will take retrospective effect from 1 April 2022.Taxpayers engaged in asset and wealth management may review their investment structure and assess eligibility to the tax concessions.Executive summaryThe Hong Kong Government introduced the Inland Revenue (Amendment) (Tax concessions for family-owned investment holding vehicles) Bill 2022 (the Bill) on 9 December 2022 regarding a dedicated tax concession regime for family-owned investment holding vehicles (FIHVs) managed by eligible single-family offices (SFOs) in Hong Kong.As outlined in our earlier Global Tax Alert,1 the proposed tax...