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
- posted
18 years ago
Hedge fund gains/losses taxation
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- Vote on answer
- posted
18 years ago
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