gt94sss2
Member of DD Central
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Post by gt94sss2 on Jan 17, 2015 4:57:37 GMT
I was just wondering if the Microloan Gain/Loss if you buy/sell microloans needs to be declared on a self assessment form?
If so, could someone let me know where? (definitely a loss in my case!)
Thanks
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kevinkelly
Member of DD Central
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Post by kevinkelly on Jan 17, 2015 11:31:41 GMT
Go to menu option "Dashboard" then "Tax Statement" and that will show all the detail you need for HMRC. Try this link |
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gt94sss2
Member of DD Central
Posts: 281
Likes: 137
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Post by gt94sss2 on Jan 20, 2015 12:17:03 GMT
I guess what I am asking is that if you have a negative figure overall on the tax statement I.e. Due to a minus entry next to the Net Microloan Sales Gains entry - what/where do you enter on a self assessment form?
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surby
Minor shareholder in Assetz Capital
Posts: 32
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Post by surby on Jan 20, 2015 14:11:13 GMT
I guess what I am asking is that if you have a negative figure overall on the tax statement I.e. Due to a minus entry next to the Net Microloan Sales Gains entry - what/where do you enter on a self assessment form? I believe the losses on purchases can be set against any Capital gains made (e.g. on sales of loans, or sales of shares not held in ISAs). If you don't have any capital gains you can roll the losses over for a couple of years I think. The losses do not have to entered on the standard SA form if you can certify you have not made disposals or gains above the relevant thresholds.
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