Post by p2pfan on May 11, 2020 12:06:45 GMT
I know with loans one makes through authorised P2P platforms you can mitigate the losses you suffer on any defaulted loans against the tax you pay on interest earned from successful P2P loans you make (info here).
I was wondering if that also applied in the case of loans made via loan notes or minibonds, usually to individual companies (outside P2P platforms)? I've spent a good hour searching online, but can't find any information about it, probably as these are fairly niche lending/investment vehicles.
I'm on the verge of losing huge sums I've made through these instruments which are going into Administration etc. one after another due a combination of their incompetence and the Coronavirus lockdown. Therefore any tax relief I could get on the money I've lost in terms of the capital and/or interest would make a huge difference to how much sleep I'm getting these days!
Thanks.
I was wondering if that also applied in the case of loans made via loan notes or minibonds, usually to individual companies (outside P2P platforms)? I've spent a good hour searching online, but can't find any information about it, probably as these are fairly niche lending/investment vehicles.
I'm on the verge of losing huge sums I've made through these instruments which are going into Administration etc. one after another due a combination of their incompetence and the Coronavirus lockdown. Therefore any tax relief I could get on the money I've lost in terms of the capital and/or interest would make a huge difference to how much sleep I'm getting these days!
Thanks.