djpix99
Member of DD Central
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Post by djpix99 on Feb 20, 2017 12:43:51 GMT
Hello all, i have browsed Google an the forum but cannot find an reference to this...
As a p2p investor I use my £1000 tax free interest allowance and do not expect my returns to exceed this allowance within the next 4 years. A bit of a longshot but can a default(irrecoverable p2p loan) be offset against any other tax I pay, being that I am not taxed on p2p income?
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james
Posts: 2,205
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Post by james on Feb 20, 2017 12:46:03 GMT
No.
You can deduct it from any P2P interest you get in that or any future year on any eligible platform but not from anything else.
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djpix99
Member of DD Central
Posts: 115
Likes: 62
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Post by djpix99 on Feb 20, 2017 12:56:09 GMT
Thanks for the quick response, thought it was at least worth asking.
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