What is the Hong Kong Single Family Office tax concession?

It is a profits tax exemption for qualifying investment income earned by family owned investment holding vehicles managed by Hong Kong single family offices.

When does the tax concession apply from?

The regime applies retrospectively from the 2022/23 year of assessment.

Is there a minimum asset threshold?

Yes. Assets under management must exceed HKD 240 million.

Is prior approval from the IRD required?

No. The concession operates through a self declaration system.

Does the family office itself benefit from the tax exemption?

No. Operational income of the family office remains taxable.

Hong Kong Single Family Office Tax Concession: Key Changes and Practical Implications

Samantha Bradley

May 20, 2023

6 min read

Updated: Apr 23

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