Hedge funds

Copyright © 2025 LexisNexis

STOP PRESS: Abolition of non-dom regime and introduction of residence-based IHT regime Finance Act 2025 (FA 2025) which received Royal Assent on 20 March 2025, implements legislation to abolish the remittance basis of taxation and replace it with a residence-based regime, commencing on 6 April 2025. FA 2025 also replaces domicile as the key factor in establishing liability to inheritance tax. Other changes include amendment of the rules determining excluded property status, the abolition of protected settlements status of offshore trusts, and changes to overseas workday relief.

For information on these changes, see: Practice Notes: The abolition of the remittance basis of taxation from 2025–26, A new residence-based regime for IHT from 2025–26. See also: Finance Act 2025.

What is a hedge fund?

There is no specific definition of the term ‘hedge fund’, however the label represents a sort of ‘catch-all’ for funds that don't sit neatly into any other category of collective investment (eg authorised investment funds or private equity funds). Hedge funds do, however, tend to share certain identifiable characteristics that distinguish them from other kinds of investment

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