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Thread: Harmoney

  1. #1911
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    I have managed to successfully have a couple of autolend loans be processed this week.
    My cash available vs outstanding principal was over 8% and not all satisfactory loans got picked up via autolend. Not sure if that means the % criteria can vary depending on each loan.

  2. #1912
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    Almost Tax Time...

    Can someone try to explain how one accounts for the P2P Lenders charges on your Annual IRD IR3 Tax return?

    Where does one enter( account for ) the loss - we all know where the Interest is entered.

    T.I.A

  3. #1913
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    Quote Originally Posted by Saamee View Post
    Almost Tax Time...

    Can someone try to explain how one accounts for the P2P Lenders charges on your Annual IRD IR3 Tax return?

    Where does one enter( account for ) the loss - we all know where the Interest is entered.

    T.I.A

    In the part that says "Other expenses".

    The next thing for you is how you are going to come up with the correct amount to enter.

  4. #1914
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    Quote Originally Posted by 777 View Post
    In the part that says "Other expenses".

    The next thing for you is how you are going to come up with the correct amount to enter.
    Harmoney has a small description on its website of what and what might not be taxable. Although not having exact figures makes it near impossible to claim

  5. #1915
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    Your dashboard has the total figure on it since you have stared. I record what the figure is at 31st March each year and then claim the difference from the previous year.

  6. #1916
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    Quote Originally Posted by 777 View Post
    In the part that says "Other expenses".

    The next thing for you is how you are going to come up with the correct amount to enter.
    What is wrong with using Reports / Statements / Tax Certificates.

    It seems to have it all there!

  7. #1917
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    Quote Originally Posted by 777 View Post
    In the part that says "Other expenses".

    The next thing for you is how you are going to come up with the correct amount to enter.
    Thanx 777

    Last year both HM & LC included that figure on your personal Resident With-holding Certificate.

    Duh... last year I forgot to put those figures in!
    Last edited by Saamee; 31-01-2017 at 11:55 AM. Reason: Gramer!

  8. #1918
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    Quote Originally Posted by Finite View Post
    What is wrong with using Reports / Statements / Tax Certificates.

    It seems to have it all there!
    You are right although that is only for 2016 on. The 2015 did not have that info.

  9. #1919
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    Hi all,
    Just been thinking about this for a while so thought I'd ask it here, maybe someone knows - when a borrower repays late or not in the full amount that they are meant to repay each month, do they get hit with a penalty?

  10. #1920
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    Quote Originally Posted by jmacka View Post
    Hi all,
    Just been thinking about this for a while so thought I'd ask it here, maybe someone knows - when a borrower repays late or not in the full amount that they are meant to repay each month, do they get hit with a penalty?
    Info here >>

    https://www.harmoney.co.nz/how-it-wo...rates-and-fees

    Whether they charge the fee(s) or not maybe depends on the borrower and the relationship!

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