Taxation

« Prev
1
Next »

p2plender2020
New Member

Posts: 1
Likes: 1

Taxation Nov 11, 2020 19:08:15 GMT via mobile p2pfan likes this

Quote

Post by p2plender2020 on Nov 11, 2020 19:08:15 GMT

A question please if I may:

I have significant P2P losses and already know that I can offset these losses against interest gained from any other P2P platforms. However, if I pull out of P2P altogether, or my losses exceed any P2P interest I earn for the 4 year allowable period, can I instead offset the losses as a capital loss to help used against any future capital gains e.g. from property sales?

Many thanks...

ilmoro
Member of DD Central

'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd

Posts: 11,329

Likes: 11,549

Taxation Nov 11, 2020 20:06:09 GMT via mobile ozboy and p2pfan like this

Quote

Post by ilmoro on Nov 11, 2020 20:06:09 GMT

Nov 11, 2020 19:08:15 GMT p2plender2020 said:

Seems a possibility based on the HMRC handbook (paragraphs towards bottom) www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim12210

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.

« Prev
1
Next »