Quote Originally Posted by Bjauck View Post
Are you a retail investor and are you able to deduct charge-offs for tax purposes? Once the charge offs kick in (and I think the average charge-off rate is 22% of gross interest) this is an important factor as the incidence of tax on your Harmoney-supplied RAR may well be greater than 33%. There has been no guidance for retail P2P investors. So the “in business” test is relevant.
Hi Bjauck,
Yes I'm a 'cash-basis' retail investor, and will deduct charge-offs and fees paid as a tax deductible expense.

I invest through an NZ Limited Liability Company.