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Now that the tax certificates are out I can do my tax return. It's my first year for putting P2P in my tax return.
1) I assume you all claim the lending fees as expenses in your tax returns?
2) Which box do you put them in?
For me the non-resident online help says I can't claim expenses against non-resident passive income, i.e. interest.
After further investigation, looks like residents and non-residents are treated slightly differently. Residents could claim it in box 26 "Other expenses and deductions". Non-residents have a similar box, but as before can't claim expenses against passive income. P2P lending. Not fair.
Last edited by kiwi_on_OE; 20-05-2017 at 02:13 AM.
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