renee_yr

Hello, For Private Loan to a company arranged bilaterally not on a peer to peer platform, is it still considered as peer to peer lending? If so, the interest income on private loan would be treated and need to be decleared as Other Income on Self Assessment for non resident? I heard from an accountant, if the loan is short term, i.e. repaid within 12 months, the interest income is exempt from personal tax? Is this the case, if so, do you have more details of this? Thank you.