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  • Interest in CLN

    Hi agent, I made a convertible loan to a company (that I have no relationship to) as an investment. The loan has now been converted to equity by the company, including my principal and the accrued interest. Do i need to declare the interest in my self assessment for income tax purposes in this tax year? I do not yet have cash since the accrued interest is now in shares instead, can I wait until I sell the shares and then declare the interest income once I receive the cash ? Is there any guidance on how to treat such items in self assessment, I wasn't able to find any advice from internet searching Many thanks in advance.
  • Date of MTD implementation for Landlord income tax

    Hi, Can you please confirm when the MTD impacts landlords? This article from Feb-2022 discussed a Apr-2024 go-live for landlords with income > £ 10,000: This more recent article from Dec-2022 references 2026/2027 go-live and higher income thresholds for landlords (see "Making Tax Digital for Income Tax" section): I would assume the more recent date would be the relevant one but am seeing news articles from the last couple of days referencing the Feb-2022 guidance. Please can you help confirm which guidance to follow? Many thanks.