moist
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Post by moist on Feb 20, 2023 20:24:47 GMT
Has anyone declared a capital loss for collateral? If so was it accepted , and which tax year did you declare it for? I understand as col is not a P2P lender, losses can be offset against other capital gains.
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jcb208
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Post by jcb208 on Feb 21, 2023 13:44:21 GMT
I have lost out big time due to the long delays as I no longer get much P2P interest and now not being a tax payer I cant claim any relief .From what I understand is as Collateral was not a authorised P2P you cant claim back losses but how will the inland revenue know this.If I could I would of tried
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moist
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Post by moist on Feb 21, 2023 20:30:31 GMT
because Col is not a p2p , you can claim against other gains. The question is when are the losses confirmed, which financial year? Are we too late to claim?
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p2pfan
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Post by p2pfan on Feb 21, 2023 23:24:15 GMT
because Col is not a p2p , you can claim against other gains. Could you please share some more information on this? It would be tremendously useful for me, and perhaps others. I was given the indication, by multiple sources, that investment losses outside of P2P, could not be claimed against the income taxes payable on profits from other non-P2P investments? Or are you referring to offsetting against payable Capital Gains Tax?
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moist
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Post by moist on Feb 23, 2023 15:32:41 GMT
I am referring to offsetting against payable CGT. Worth noting that a CG Loss can be carried over indefinitely until used up, so declare it now, and use against further gains,,,,
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