Hong Kong estate planning

In its recent budget, the Hong Kong government announced proposals for the abolition of estate duty. In light of this, is there any need to use trusts for estate planning? Earlier last year, the government issued a consultative document that invited comments from interested parties on future options for estate duty. The document listed several options for its future shape - for example, one proposal was to move to a basis of tax on an individual's worldwide estate based on their domicile. Thankfully, this option has been rejected in favour of the rather radical option of abolition. The gov...