littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Dec 11, 2018 21:19:43 GMT
This way of renewing does not work for me. My funds in PL are all an ISA transfer in and cannot be topped up with cash and there is insufficient time to do a further transfer. So I will miss the renewal, unless it has not filled by the time the original repays, and will then have cash sitting idle.
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elliotn
Member of DD Central
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Post by elliotn on Dec 12, 2018 11:40:00 GMT
This way of renewing does not work for me. My funds in PL are all an ISA transfer in and cannot be topped up with cash and there is insufficient time to do a further transfer. So I will miss the renewal, unless it has not filled by the time the original repays, and will then have cash sitting idle. Your point about platform refi stands for ISA only investors without any additional funds on the platform. In this instance, more conservative lenders may be delighted at a 100% redemption based on the near doubling of the rent by the same tenant to provide the MV to leverage the purchase of the neighbouring property (regardless of a little cash drag in their tax avoided wrapper).
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djg
Posts: 18 
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Post by djg on Dec 12, 2018 11:43:22 GMT
I agree with littleoldlady. I'm not in this loan but am in the Ashbourne Light Industrial loan, and the Worthing Mixed Use loan, both of which are due to renew very soon, in the same way as this loan.
Like littleoldlady, I expect to miss out on the renewals. Sadly, as a consequence, I'm expecting to transfer my ISA funds out of Proplend.
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Post by dan1 on Dec 12, 2018 12:28:24 GMT
I have no experience so forgive any ignorance. I thought tax avoidance was quite easy in p2p. Buy in your standard account (funds permitting) and ‘sell’ to your ISA account. I think that should be ILLEGAL but afaik most platforms do not prevent it (particularly par only) or am I missing something?  DOTAS perhaps?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Dec 12, 2018 13:25:10 GMT
I have no experience so forgive any ignorance. I thought tax avoidance was quite easy in p2p. Buy in your standard account (funds permitting) and ‘sell’ to your ISA account. I think that should be ILLEGAL but afaik most platforms do not prevent it (particularly par only) or am I missing something? how does that avoid any tax?
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Dec 12, 2018 13:27:53 GMT
I have no experience so forgive any ignorance. I thought tax avoidance was quite easy in p2p. Buy in your standard account (funds permitting) and ‘sell’ to your ISA account. I think that should be ILLEGAL but afaik most platforms do not prevent it (particularly par only) or am I missing something? And PL is one of the platforms where you can't buy/sell between ISA and non-ISA accounts.
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