Hong Kong unified fund tax exemption regime

13 Feb 2019

Location: Hong Kong

Hong Kong unified fund tax exemption regime 

ANREV is pleased to invite you to a lunchtime briefing in Hong Kong on 13 February at EY’s CITIC Tower office. At this briefing, Ms. Jacqueline Bennett and Mr. Adam Williams, international tax partners at EY in Hong Kong specializing in real estate and private equity funds, will provide an update on the newly proposed changes to the Hong Kong profits tax exemption for privately-offered funds. 

The proposed legislation extends the Hong Kong profits tax exemption to all privately-held funds in the form of collective investment vehicles, regardless of their place of domicile or central management and control, in respect of qualifying transactions. Whilst Hong Kong immovable property remains taxable, the unified fund tax exemption means Hong Kong will become a viable alternative to its global/regional competitors for master real estate funds and/or their regional platforms. In addition, the unified fund tax exemption regime may provide some practical benefits and flexibility in the form of restructuring opportunities for existing offshore real estate funds.   

Join us to hear more about these key updates from EY’s leading real estate fund experts.

Date         : Wednesday, 13 February 2019 

Time          : 12:30 – 13:30 (registration from 12.15pm and a light lunch will be served)

Location   : EY, 22/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong KonG

RSVP         : Please email flora.fung@anrev.org

We would like to thank EY for sponsoring this event.   

Speakers’ bio:

 

 

 

Jacqueline Bennett

Tax Partner

EY, Hong Kong

Jacqueline is a Hong Kong based partner in the International Tax Services team within the Asia-Pacific Financial Services Group at EY, specializing in advising real estate, private equity and infrastructure funds and their investors.

Jacqueline has been based in Hong Kong since 2005 and has extensive experience advising real estate and infrastructure funds, sponsors and investors on fund formation and tax structuring of investments in Asia, Europe and Australia.   She has deep knowledge and understanding of the tax considerations throughout the entire lifecycle for private funds, gained from nearly 20 years’ experience both as an adviser in Melbourne, London and Hong Kong and working in house for a global fund manager in Hong Kong.

Adam Williams

Tax Partner

EY, Hong Kong

Adam is a Hong Kong based Partner in the International Tax Services team within the Asia-Pacific Financial Services Group at EY, focusing on private equity and real estate funds.

Adam has extensive experience with deal structuring and due diligence advising on more than 500 M&A transactions across multiple jurisdictions in Asia Pacific (including U.S. tax matters).

Adam has significant industry knowledge in relation to all aspects of real estate, private equity and infrastructure funds including fund formation and fund structuring.