Executive summaryOn 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 discussionUnder the proposed regime, an FIHV would be exempted from profits tax in respect of its taxable profits earned from qualifying transactions1 carried out or arranged by an SFO in Hong Kong (including profits earned incidental to...