Post by moonraker on May 8, 2017 12:24:29 GMT
I've just downloaded my ZOPA annual income statement for 2016-17 and see I had £31 listed as "loan principal deemed irrecoverable in the year", with a footnote advising me that I can claim tax relief on this.
I file my return on-line and presume I record the debt under "Income tax losses/Income taxes on other UK income only/Relief now for 2017-18 trade losses"?
I have searched this Forum and looked at
HMRC guidance
about Peer-to-Peer lending (including bad debt)
but haven't found anything that spells out for a simpleton where to record the debt. Presumably Form SA101 is for paper returns.
Moonraker
I file my return on-line and presume I record the debt under "Income tax losses/Income taxes on other UK income only/Relief now for 2017-18 trade losses"?
I have searched this Forum and looked at
HMRC guidance
about Peer-to-Peer lending (including bad debt)
but haven't found anything that spells out for a simpleton where to record the debt. Presumably Form SA101 is for paper returns.
Moonraker
