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Originally Posted by noodles
Interesting. So unless you are setup as a trading company, you could not account for your capital losses? I.e You would be paying too much tax
Your Harmoney investment will inevitably lead to paying too much tax. All Harmoney "notes" have a default % attached to them. Depending on the riskiness of the notes you invest in, you can expect to have some of your loan notes remaining unpaid in an average year. So over the long run, your Harmoney investment is income generative and capital depletive!
I have looked on the Harmoney website to see how it fits into the financial arrangement scheme - but could find nothing. I sent their investor helpline an email a few days ago - but no response.
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