Maggi07
Joined: 3/11/2023
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Tax on P2P outside of IFISA
Hey, I am currently investing into P2P loans via a platform called Bondora. I reiceve interest on those loans but they are automatically reinvested and my question is when do I have to pay tax on the received interest (considering I receive more than my personal savings allowance): Once I transfer the money from the platform into my bank account or once I receive the interest? Hope this is clear! Thanks!