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Post by gusgorilla on Apr 5, 2017 8:54:27 GMT
martins I hope you can help lenders from the UK, and possibly some other countries, fill in their tax return forms. In the UK you can offset capital losses against earnings for tax purposes. The UK personal fiscal year (6 April to 5 April) is now ended. UK lenders need figures between these dates for earnings and for net capital losses. It would be OK for net capital losses to be split into gross capital losses (from default loans) and capital recovered from defaulted loans (asset sales etcetera). From the reporting facilities on your website I am able to work out a total earnings figure between any dates (although it would be nice if the figure could be reported directly). However, could you please help me to obtain a net capital losses figure, split into gross capital losses from default loans and capital recovered from defaulted loans if you prefer. Alternatively, could you please manually provide me with my own figure for 6 April 2016 to 5 April 2017.
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Post by martins on Apr 5, 2017 15:08:28 GMT
Please reach out to our support. They will gladly help.
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Post by gusgorilla on Apr 5, 2017 16:17:08 GMT
Please reach out to our support. They will gladly help. Maybe I got them on a bad day (see below). I have now deleted all my autoinvestors that buy loans that have no buyback guarantee and sold all my loans without buyback guarantee. I'm not holding my breath that this issue will be dealt with any time in the near future, if ever, which is a shame not just for UK lenders needing to fill in tax forms but all investors needing to see this information easily. martins, am I being too pessimistic? Fellow Finance provide this information on their tax reports already and both Twino and Viventor have said they are working on it.
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Post by martins on Apr 6, 2017 11:52:38 GMT
Thanks for your feedback. We have noted this issue and will see what we can do about it. However, please bear in mind that today we receive a ton of suggestions and we have to prioritize our development pipeline. Meanwhile, I will ask investor service team again if we can help you with this manually.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Apr 6, 2017 14:37:57 GMT
gusgorilla how about taking a screenshot of your overview page and using the figure shown there for defaults? I don't do UK tax returns but if they query your figures that should provide evidence that you have done your best to provide accurate information. Or maybe HMRC doesn't do common sense.
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