Taxing Life Settlements Investment Funds Under The TCJA
By Brian Casey, Thomas Sherman and Jaremi Chilton (May 15, 2018, 3:19 PM EDT) -- This is the third article in our series of three articles addressing the most significant impacts of the Tax Cuts and Jobs Act on the U.S. life settlements industry. Life settlements investment funds, like hedge funds and private equity funds, usually have general partners whose compensation for managing the fund oftentimes includes a so-called "carried interest" profit participation element. Among its many other changes, the TCJA materially altered the taxation of carried interests generally, but not, for the most part, for life settlements investment funds.
Prior to the TCJA, the profits realized from these carried interests by general partners were taxed...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!