HONG KONG SAR, CHINA Law and Practice Contributed by: Angus Forsyth, Angus Forsyth & Co.
10.3 Tax Implications of Artwork Gifts and Donations There are no tax implications in Hong Kong for the acquiring of an artwork through gift or donation. 10.4 Artworks Exempt from Inheritance/ Donation Taxes As there are no inheritance/donation taxes imposed in Hong Kong, all types of artworks are excluded from inheritance/donation taxes.
10.5 Trusts An artwork can be placed in a trust, which can be established to preserve an art collection as a whole purpose trust. There are no fiscal penalties in Hong Kong for such an arrangement.
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