Tax Loses in a IFISA

mj87 Posts: 24 Likes: 6	Tax Loses in a IFISA May 3, 2018 16:59:06 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by mj87 on May 3, 2018 16:59:06 GMT Hello, Are you able to use the losses in a IFISA off your overall P2P tax? Many thanks

archie Posts: 1,866 Likes: 1,861	Tax Loses in a IFISA May 3, 2018 17:13:06 GMT ozboy, mj87, and 2 more like this Quote Select Post Deselect Post Link to Post Back to Top Post by archie on May 3, 2018 17:13:06 GMT May 3, 2018 16:59:06 GMT mj87 said: Hello, Are you able to use the losses in a IFISA off your overall P2P tax? Many thanks No because you didn't pay any tax on the loan within the ISA.
	P2P is risky, expect losses. It may take several years to exit a platform.

IFISAcava
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Tax Loses in a IFISA May 3, 2018 17:36:04 GMT mj87 likes this

Quote

Hello,

Are you able to use the losses in a IFISA off your overall P2P tax?

Many thanks

No because you didn't pay any tax on the loan within the ISA.

In other words, all the tax has already been offset without the need for any losses to do so!

pom Member of DD Central Posts: 1,922 Likes: 1,244	Tax Loses in a IFISA May 4, 2018 10:54:25 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by pom on May 4, 2018 10:54:25 GMT May 3, 2018 16:59:06 GMT mj87 said: Hello, Are you able to use the losses in a IFISA off your overall P2P tax? Many thanks Nope so pick your ISA platform/loans very carefully...