HONG KONG (Reuters) -- Hong Kong plans to waive tax on investment gains from cryptocurrencies and other alternative assets for hedge funds, private equity funds and certain family offices as the city strives to enhance its appeal as a wealth management hub.
In a consultation paper circulated this week, seen by Reuters, the Financial Services and the Treasury Bureau proposes expanding the capital gains tax exemptions to cover overseas properties, carbon credits, private credit, virtual assets, among other assets, applicable to privately-offered funds and eligible single family offices' investment vehicles.
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