Introduction of Carried Interest Tax Concessions for Hong Kong Private Equity Funds
30 April 2021
On 28 April 2021, the Legislative Council passed the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 to introduce a tax concession regime for eligible carried interest that arises from qualifying private equity (PE) transactions. Whilst applicable to PE funds and hedge funds alike, in relation to qualifying PE transactions, the reality is that the carry tax concession will mostly favour PE funds.
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Clifford Chance
