Post by registerme on Aug 3, 2018 20:11:52 GMT
Right now I think it'd be a wing and a prayer. If the FCA's proposals for wind down capital are taken up you might hope that some of that would be used to cover the expense of chasing defaults. As it stands.....
Ironically, if you'd written the losses off against tax before the hypothetical platform went under you might be all right. It's unclear, to me at least, whether you can write off losses after a hypothetical platform has ceased trading (witness the lack of clarity over exactly what agreements are in place with regard to Collateral loans, and what their status is given that the platform wasn't regulated).
Ironically, if you'd written the losses off against tax before the hypothetical platform went under you might be all right. It's unclear, to me at least, whether you can write off losses after a hypothetical platform has ceased trading (witness the lack of clarity over exactly what agreements are in place with regard to Collateral loans, and what their status is given that the platform wasn't regulated).