LendingCROWD NZ P2P

[Toukshare]

For retail investors in NZ P2P though, capital write-offs of loans are not deductible for tax. It is in times like these, that becomes very relevant.
As always DYOR.

As you say, DYOR, as my accountants advice is that it is tax deductible if you are investing through a LTD company (rather than as an individual). In my personal circumstances, which may suit others, it is better to invest through a ltd.

[Bjauck]

As you say, DYOR, as my accountants advice is that it is tax deductible if you are investing through a LTD company (rather than as an individual). In my personal circumstances, which may suit others, it is better to invest through a ltd.

Definitely subject to DYOR. I thought "retail investors" was another way of saying individual non-professional investors. I was not referring companies doing the investing.

Unlike in some other jurisdictions, In relation to "retail investors", The NZ P2P sector never bothered to get an IRD ruling on tax consequences.

[leesal]

Definitely subject to DYOR. I thought "retail investors" was another way of saying individual non-professional investors. I was not referring companies doing the investing.

Unlike in some other jurisdictions, In relation to "retail investors", The NZ P2P sector never bothered to get an IRD ruling on tax consequences.

Very good point. If defaults are 8%, thats 2.5%+ at the top bracket that isn't tax deductible. I'm able to take the tax deduction, those who can't it makes a big difference.