KPMG Asset Management Series

A New Era in Carried Interest

A New Era in Carried Interest

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16:15 – 17:30, 12 July 2021

The updated guidance on the application procedures for the new Carried Interest 0% tax concession have recently been released.  In what should be good news for the industry, the Government has taken on board the feedback from the industry on the initial application guidelines.  The revised guidelines involve an application to the HKMA only and simplify the application processes to remove many of the information details that were seen as unnecessary.   

The draft Audit Opinion requirements have also just been released, outlining the audit procedures forming the basis of the opinion to be given to the fund manager.

In this webinar, we will provide an overview of the new the application procedures and the audit opinion.

As usual, we will use the session to provide you with our views on how these processes will work in practice, which funds are likely to benefit from the concession and some practical guidance on next steps.

This session is the ninth in the KPMG Asset Management Series, covering the latest asset management trends and investment drivers.

Should you have any queries, please contact Wing Cheung at +852 3927 5626.

Darren Bowdern
Head of Alternative Investments
Hong Kong
KPMG China

Sandy Fung
Tax Partner
Alternative Investments
Hong Kong
KPMG China

Matthew Sung
Director
Asset Management
Hong Kong
KPMG China

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