Nature of Single Family Offices (SFOs)

Who is considered "Family" in a SFO?


  • For the purposes of the an SFO seeking or requiring a Section 13(O)/Section 13(U) tax incentive schemes, MAS has also made clear that “family” may refer to individuals who are lineal descendants from a single ancestor, as well as the spouses, ex-spouses, adopted children and step children of these individuals.