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Post by Ace on Dec 9, 2021 12:41:10 GMT
uown , could you please provide some clarity on this issue. The income from TH phase 1 is clearly shown as dividends on my tax statement, yet you've told squid that income from TH is treated as interest. Which is correct please, or is it that different tranches are to be treated differently?
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Post by uown on Dec 15, 2021 15:08:56 GMT
uown , could you please provide some clarity on this issue. The income from TH phase 1 is clearly shown as dividends on my tax statement, yet you've told squid that income from TH is treated as interest. Which is correct please, or is it that different tranches are to be treated differently? Hi Ace, Just to clarify it is an interest payment. We will change it on the tax statement in due course. I will add it on to the list of jobs to do. Best,
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Post by Ace on Apr 15, 2022 14:17:25 GMT
uown , could you please provide some clarity on this issue. The income from TH phase 1 is clearly shown as dividends on my tax statement, yet you've told squid that income from TH is treated as interest. Which is correct please, or is it that different tranches are to be treated differently? Hi Ace, Just to clarify it is an interest payment. We will change it on the tax statement in due course. I will add it on to the list of jobs to do. Best, , I have downloaded my 2021-2022 tax statement. Income from: E**n g*****s, S******e S****t, L****y A****e, H****d P***e and T****n H***e (all phases) are all clearly described as dividends still. Should they all be considered to be interest payments?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,344 
Likes: 11,565
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Post by ilmoro on Aug 10, 2023 11:42:33 GMT
First two phases repaid today, couple of months early so return slightly lower than advertised. Just need some more deals as funds on platform dwindling ... victims of own success.
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Post by Ace on Aug 10, 2023 12:07:47 GMT
First two phases repaid today, couple of months early so return slightly lower than advertised. Just need some more deals as funds on platform dwindling ... victims of own success. A good return. I've rolled my repayments into the new W****r I****d loan. Well over half my platform total is now profit.
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djpix99
Member of DD Central
Posts: 115
Likes: 62
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Post by djpix99 on Aug 14, 2023 9:18:45 GMT
Were phases 1&2 due to be repaid by a different method to phases 3/4?
I'm in phase 4 and I think the last update mentioned October 2023 repayment, tbh I'd be happy for it to run over and keep paying me my 8%.
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Post by Ace on Aug 14, 2023 12:28:21 GMT
Were phases 1&2 due to be repaid by a different method to phases 3/4? I'm in phase 4 and I think the last update mentioned October 2023 repayment, tbh I'd be happy for it to run over and keep paying me my 8%. Phases 1 & 2 were scheduled to repay via a refinance in Oct 2023, but have been completed ahead of time. Phases 3 & 4 are scheduled to refinance in March 2024. Phases 3 & 4 may repay early too, but there will be less pressure on refinancing these phases due to the fact that they are paying a lower rate. Phase 1 was 11%, Phase 2 was 10%, phases 3 & 4 are 8%.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,344
Likes: 11,565
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Post by ilmoro on Apr 10, 2024 21:57:43 GMT
TH phase 3 repaid today, phase 4 repaying but hasnt been credited yet ... just a month delay.
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djpix99
Member of DD Central
Posts: 115
Likes: 62
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Post by djpix99 on Apr 11, 2024 9:20:28 GMT
That's great news, just waiting on my Phase 4 investment to hit my account.
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Post by Ace on Apr 11, 2024 9:44:21 GMT
I contacted the platform to clarify their offer to top up any reinvestment by 2% (cancelling out the platform fee), and to top up by 3% if one doubles their investment.
As I had a very small investment in phase 4 (I'd only reinvested a minor interest payment from a different loan into TH phase 4) I wondered if they would honour the 3% offer for larger investments. The answer was that they would honour the 3% on investments up to £10k.
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djpix99
Member of DD Central
Posts: 115
Likes: 62
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Post by djpix99 on Apr 12, 2024 10:25:15 GMT
Received my full Phase 4 capital repayment  Just waiting on the interest for April, presumably this will get paid on 5th May. |
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