Hong Kong Tax News Flash
June 2026, Issue 8
Long-awaited bill enhancing tax concessions for funds, family offices and carried interest gazetted
Following an industry consultation and further engagement sessions in 2024 and 2025, the long-awaited Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 (Bill) seeking to implement the enhancements to the preferential tax regimes for privately-offered funds, family-owned investment holding vehicles (FIHVs) and carried interest will be gazetted on 12 June 2026.
We are pleased that the Government has taken on board many of the comments raised by industry during the consultation process. In our view, the enhancements proposed under the Bill should make these tax concession regimes even more attractive and help position them as best-in-class among comparable regimes in other jurisdictions.
Subject to the passage of the Bill by the Legislative Council, the relevant measures would take effect from the year of assessment 2025/26.
This news flash summarises the enhancement measures proposed in the Bill for funds and carried interest, together with our observations on those proposals. Please also refer to our other news flash, which focuses on the enhancement measures proposed for the preferential tax regime for FIHVs.
Contact us
South China and Hong Kong Tax Leader, China M&A Tax Leader, PwC Hong Kong
Tel: +[852] 2289 5616
South Private Clients and Family Office Tax Leader, PwC Hong Kong
Tel: +[852] 2289 3816
