The third and final instalment addressing the most significant impacts of the Tax Cuts and Jobs Act on the U.S. life settlements industry has been published. 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.

To read the article, written by Brian Casey, Jaremi Chilton and Thomas Sherman, in full, please click here.