IP tax changes in Hong Kong: the Inland Revenue (Amendment) (No. 2) Bill 2011, published on 25 February 2011, proposes
providing tax deduction for capital expenditure incurred on the purchase of a copyright, registered design and registered trade mark;
modifying existing provisions for deduction of capital expenditure on the purchase of patent rights and rights to any know-how, include legal and valuation fees in the deductible expenditure; and
removing the requirement for “use in Hong Kong” condition (currently, to get a tax deduction on patent rights/know-how, the IP has to be used in Hong Kong).