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Government consults industry on enhancing preferential tax regimes for funds, family-owned investment holding vehicles and carried interest
The Financial Services and the Treasury Bureau (FSTB) has issued a consultation paper (CP) on 25 November 2024 on the proposed enhancements to the preferential tax regimes for privately-offered funds, family-owned investment holding vehicles (FIHVs) managed by single family offices and carried interest.
This alert explains the proposed enhancements, the views on which are sought by the FSTB by 3 January 2025. Clients who have any views on the proposals can contact their tax executives so that we can convey the same to the FSTB in an appropriate manner.