But recently there has been talk of reviving the Qualified Domestic Institution Investor and "through-train" initiatives, which would allow mainland investors to invest in Hong Kong and abroad.

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If a new institution gathers a highly qualified and distinguished academic staff, this staff should be counted as the entity which gets DAP.

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Normally, all or part of what you receive as part of a fellowship or scholarship is tax free so long as you are a candidate for a degree at an educational institution and the amounts you receive are considered qualified educational expenses.

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All payments for qualified medical care and tuition also are free of gift tax if the donor pays the institution directly.

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Qualified educational expenses include tuition and fees required to enroll at or attend an eligible educational institution, and required course-related expenses, such as fees, books, supplies, and equipment.

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According to IRS Publication 970, qualified education expenses are tuition and related expenses required for enrollment or attendance at an eligible educational institution.

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For purposes of the tuition and fees deduction, qualified education expenses are tuition (clearly) and related expenses required for enrollment or attendance at an eligible educational institution (any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education).

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