|
Post by GSV3MIaC on Mar 25, 2018 10:19:57 GMT
Nearly that time of year again, and looking at the current state of the MT tax statement(s) I don't see any mention of bad debts/defaults .. surely some of the loans currently 'defaulted' should be able to be claimed against 2017/8 P2P interest income, with the proviso that any funds reclaimed later will be profits in future tax years (when we may, or may not, still have P2P income to offset losses against)? As someone about to maybe/possibly/if it ever happens open an ISA, I'd like my losses now please .. I don't believe I can offset them against ISA interest!! p.s. Right now the 'tax statement' PDF doesn't even have a line item for losses .. I call that slightly optimistic! MoneyThing ?
|
|
ptr120
Member of DD Central
Posts: 1,197
Likes: 1,346
|
Post by ptr120 on Mar 25, 2018 10:35:54 GMT
|
|
|
Post by GSV3MIaC on Mar 25, 2018 14:21:31 GMT
Thanks, i knew i'd seen mention somewhere, but i wasn't sure which platform .. many of them have the same issue. 8>.
|
|
toast
Member of DD Central
Posts: 158
Likes: 90
|
Post by toast on Mar 25, 2018 18:23:31 GMT
As someone about to maybe/possibly/if it ever happens open an ISA, I'd like my losses now please .. I don't believe I can offset them against ISA interest!! I'd like to echo this: if I'm allowed, then I want to declare my losses in this current tax year for exactly the same reason. For a while my most-wanted feature from MT has been the IFISA, but this has now changed to wanting an updated tax statement as a priority. For me the sooner this comes the better because I need to claim a refund from HMRC and it would be nice not to delay that. I'm sure the MT IFISA will arrive during tax year 2018-19, but I want to wrap up tax year 2017-18 first.
|
|
niceguy37
Member of DD Central
Posts: 504
Likes: 254
|
Post by niceguy37 on May 31, 2018 13:42:48 GMT
I think almost all lenders would want to declare the maximum losses earlier rather than later. Whatever is saved in tax now can be invested for a return to pay the tax later.
|
|
Yintara
Member of DD Central
Posts: 61
Likes: 83
|
Post by Yintara on Jun 1, 2018 11:43:42 GMT
I think almost all lenders would want to declare the maximum losses earlier rather than later. Whatever is saved in tax now can be invested for a return to pay the tax later. Agreed.
Also on my wish-list for improving the tax statement would be the removal of the username and using something else instead, such as a user ID number. My accountant asks for my tax statements by email and I'm not 100% comfortable sending documents which have half of my log-in details via unsecured email. Plus my brother's username is somewhat daft and juvenile, and I'm sure he wouldn't have picked it if he'd known our accountant would be laughing himself silly while doing our tax returns!
|
|