Can BM pay tax on their income rather than me though? Their fee is their income, isn't it? Unless I've misunderstood.
While I accept BM's statement that we cannot deduct fees and hence tax, it does seem to me that we, the investors pay tax on money we don't get and BM end up paying tax again on the same money. In other words double taxation.
this is my point, I doubt it's being taxed twice and BM have set it up so that they get income they don't have to pay tax on, because individual investors already have done. It's really quite a significant point. Some seem to think the issue is paying fees; it's not, this is about investors paying tax on money that they don't ever receive. That said, I don't know how businesses pay tax. I don't pay tax on income that is taken as fees on other platforms.
Just wish I understood assetzcapital provision fund rules. ZOPA+ it’s time To DELIVER ON ESTIMATES. RS, will I see 6% again? FS, gone but not forgotten - nor is the art work. FC, love that extra 1.25% i’ll Get from sellers. LW - 6.5% to 5.4% - you just crushed my dreams. P2P, pear shape to pear shape?