unmadem
Member of DD Central
Posts: 377 
Likes: 181
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Post by unmadem on Dec 3, 2014 18:55:03 GMT
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fasty
Member of DD Central
Posts: 1,038
Likes: 388
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Post by fasty on Dec 3, 2014 19:17:34 GMT
thanks for that info - much appreciated.
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Post by GSV3MIaC on Dec 3, 2014 19:58:11 GMT
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Post by ohlala on Dec 8, 2014 13:21:38 GMT
You can allready claim for losses in Funding Circle; according to the Inland Revenue you can claim capital gains losses for loans made to companies, provided the loans are irrecoverable. One issue though is that FC don't make it easy to know when a bad debt is irrecoverable! See this link for more info on Depts and Capital Gains Tax: www.gov.uk/government/uploads/system/uploads/attachment_data/file/323727/hs296.pdf |
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Post by GSV3MIaC on Dec 8, 2014 15:13:01 GMT
True, but few people make enough capital gains to be able to use an offsetting loss - most people don't make enough to even notice.
The new scheme will let you offset against income, which is of much more use to most folks - companies could already offset against profits, so this levels the playing field a bit.
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