Originally Posted by
Bjauck
As a small retail investor the cost of applying for a tax ruling on charge-offs (& lender fees) could make the return (with the extra risk) from an investment in Harmoney not worth shifting any money out of big Aussie banks. The same would probably apply to other individual small retail lenders.
I think if they were keen for P2P to be truly broad-based, then all peers should have the same tax treatment for charge-offs and lender fees. That would need an industry wide official tax ruling.
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