Any gains a person makes in an investment in a hedge fund are liable to income tax.
Are any losses deductable from income?
Thank you.
Richard
Hedge fund gains/losses taxation
Apr 05, 2006
1 Replies
That's odd. Wouldn't the tax be either capital gains or income tax depending on the nature of the hedge fund investment and possibly the structure?
If it attracts CGT then I'd expect losses to reduce CGT liability. I don't think losses would normally reduce income tax liability. Do you mean for a day trader or similar?
Thom
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required