| Hedge fund gains/losses taxation [message #377770] |
Mi, 05 April 2006 11:12 |
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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
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| Re: Hedge fund gains/losses taxation [message #377834 ] |
Do, 06 April 2006 17:32 |
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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
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