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Posted Mon, 22 Mar 2021 10:46:37 GMT by Notsorich
I lend money through a P2P (peer-to-peer) 'black box' account, where the money invested by lenders is lent to a group of borrowers, with lenders having no knowledge of which borrowers the money goes to or the allocation of money. The account allows withdrawals to be made at a discount (which generates a loss, e.g. sell £100 of loans for £95) and allows investments to be made at a discount (which generates a profit, e.g. buy £100 of loans for £96). I have made many such withdrawals/investments, generating both losses and profits. How specifically are such P2P profits/losses (note: this is NOT related to bad debt) written up in one's Self Assessment return? E.g if it comes under CGT, I need the detail equivalent to HS284 for Share dealings.
Posted Tue, 23 Mar 2021 14:22:30 GMT by HMRC Admin 5
Hello.

Please see guidance here regarding completion of a tax return in terms of peer to peer lending
Peer to peer lending
Further information can also be found in the notes
Self Assessment: additional information (SA101)
on page 1 as well as here
Accrued Income Scheme (Self Assessment helpsheet HS343)

Thank You.

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