Lendy 'distressed' loans & loss relief

I just called HMRC and they initially said to put it down as a negative income figure under Other UK Income on SA101 (DISREGARD THIS)... but then called me back with a link to the correct advice:

www.gov.uk/guidance/peer-to-peer-lending#claiming-tax-relief-on-unpaid-loans

"Any excess relief for peer to peer bad debts available to carry forward does not need to be included on the tax return, but the lender should keep records of any carry forward relief in order to make a correct and complete claim in a tax return for a future period."

The above is fairly clear and unambiguous. Where losses exceed income there is nothing to declare (although providing some details under 'Additional Information' would seem advisable.)

I would put somewhere in the notes the amount you are carrying over. I put the amount I am claiming there (I was advised to) and if it exceeded the interest I would add that I was carrying over the difference, so they can check back.

Using these guidelines, various pages:

www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim12200



Can I just treat all my existing Lendy capital losses (no further interest expected!), and apply as much of it as I like for 4 years running against P2P interest earned, and if any of my capital is paid back, I list it as an earning in the year it occurs? 

Can Lendy administrators not issue some tax statements?

Follow the advice in SAIM12000.

You can claim loans which are article 36h so no model 1 loans
You can claim loans where the borrower is in legal recovery, that excludes Lendy being in administration, so most but not all model 2 loans (see my list in OP for those that appear to qualify)

The question is can you claim model 2 loans which aren't in legal recovery but where there has been a capital shortfall, this is more difficult. It then comes down to the prospect of further recovery and that probably requires information we don't have. First we don't know if the payments received so far are in full & final settlement or whether their are further funds due. Some loans have deferred payments eg DFL021 where there is a charge on the new owner presumably to cover a deferred payment. Second there is the issue of the funds ringfenced for Lendy that may be due to lenders in full or part dependent on the court directions. Ideally the platform would declare the loss, as Lendy did for DFL025, DFL035, but RSM aren't going to incur unnecessary costs to do that until everything is finalised. 

The straight answer is if in doubt get advice. Of course none of this is advice

Tax statements are available as usual. They just don't include any of the above as Lendy never did so investors always had to make their own determination. 

Thanks. following SAIM it seemed to say that these capital losses (otherwise what other loss is there in P2P apart from possibly fees?) could be claimed against four years. Most of my loans aren't resolved.

General statement, is this is overly complex for relatively low amounts for some people. Big investors, I can see the value difference to HMRC in excluding model 1 claims, but the distinction for some must amount to something that isn't very relevant.