james
Posts: 2,205
Likes: 955
|
Post by james on Nov 14, 2016 22:52:27 GMT
What are the tax effects of the change to handling secondary market transactions by always cancelling existing agreements and issuing new ones? Both CGT and income tax/accrued interest scheme and whether they are simple loans or not.
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Nov 15, 2016 9:01:11 GMT
I was wondering the same thing...
|
|
|
|
Post by ablrate on Nov 15, 2016 9:46:37 GMT
What are the tax effects of the change to handling secondary market transactions by always cancelling existing agreements and issuing new ones? Both CGT and income tax/accrued interest scheme and whether they are simple loans or not. Hi James/Pom I will have a word with the accountants and revert to you. Regards Ablrate
|
|
duck
Member of DD Central
Posts: 2,577 
Likes: 5,693
|
Post by duck on Nov 15, 2016 11:09:21 GMT
What are the tax effects of the change to handling secondary market transactions by always cancelling existing agreements and issuing new ones? Both CGT and income tax/accrued interest scheme and whether they are simple loans or not. Hi James/Pom I will have a word with the accountants and revert to you. Regards Ablrate Sorry to be a pedant ( yes I know!) but when you say you will get back to James and Pom are you meaning the forum rather than the individuals, I was also doing a spot of head scratching!
|
|
|
|
Post by ablrate on Nov 15, 2016 11:16:28 GMT
Hi Duck
I will respond on here and send out a general update.
You have probably seen, but the site is down now for the next couple of hours as per our email.
Regards
Ablrate
|
|
ganymede
Member of DD Central
Posts: 299
Likes: 207
|
Post by ganymede on Nov 15, 2016 13:27:25 GMT
Hi Duck I will respond on here and send out a general update. You have probably seen, but the site is down now for the next couple of hours as per our email. Regards Ablrate I didn't get the e-mail, I did get the second e-mail saying live again, and SM paused etc.
|
|
ptr120
Member of DD Central
Posts: 1,197
Likes: 1,346
|
Post by ptr120 on Nov 23, 2016 14:05:59 GMT
What are the tax effects of the change to handling secondary market transactions by always cancelling existing agreements and issuing new ones? Both CGT and income tax/accrued interest scheme and whether they are simple loans or not. Hi James/Pom I will have a word with the accountants and revert to you. Regards Ablrate Hi ablrate please can you advise on what the accountants have said about this, or when we may hear? Thanks, Adam
|
|
|
|
Post by ablrate on Nov 23, 2016 14:29:46 GMT
Hi James/Pom I will have a word with the accountants and revert to you. Regards Ablrate Hi ablrate please can you advise on what the accountants have said about this, or when we may hear? Thanks, Adam Hi We spoke with them but we wanted to get a definitive. Their initial response is that it wouldn't really change their previous opinion (which we posted as a guide in the FAQ). I want further clarification on the 'simple loans' matter, and of course we cannot give any advice at all, but the view we take is that the new system makes it very clear that the loan is between borrower and lender. Forgive the delay on this. Regards Ablrate
|
|
