Autumn Statement provides tax relief for P2P lenders – but smart investors can already minimise tax paid
“This is another sign that the Government is firmly behind peer-to-peer lending: George Osborne has rightly recognised that investors lending through P2P platforms are the victims of a tax trap, and taken a positive step to help them. These rules won’t apply to lenders until April 2015, however, a simple way for lenders to reduce taxation already exists: avoid losses.”
“In the short term at least, lenders are better off looking for platforms that minimise losses to start with – rather than using tax rules to recoup them. Assetz Capital has had no losses to date and has an expected loss rate of 0.5 per cent – keeping these rates low helps to reduce the tax burden faced by investors and increase their net returns.”
Assetz Capital launched in March 2013 and has facilitated loans worth more than £55m to date.
- December 3, 2014