Most rich households want end to estate duty.

(From The Standard)

Byline: Foster Wong

A majority of well-off households believe the government should scrap estate duty to bolster the city's position as an asset management centre and attract overseas assets back to the SAR, a survey has revealed.

The survey, commissioned by accounting giant Ernst & Young and conducted by Hong Kong University, interviewed 538 respondents in household visits, of whom 36 per cent had assets of at least HK$7.5 million _ the exemption threshold for estate duty.

It found that 70 per cent of respondents agreed that estate duty should be abolished. About one-third of these respondents said the most important …