
May 2017 Income Report
I try to publish a round up of my peer to peer investments each month and their annualised rates of return, which involves going into each platform one by one and copying the data into my spreadsheet. This month I’m trying to combine it with doing the self assessment tax return which is taking a lot longer than I expected. Different platforms appear to treat certain cashback as taxable and others not. For example, most consider the cashback you receive as an incitement to join as a new customer as non-taxable. However, at least one treats it as taxable (e.g. Zopa, after multiple mails to customer service to clarify). Landbay is in no-mans-land, considering it non-taxable but including it by mistake as taxable on their tax statement export. Some consider the cashback interest you receive while a loan is funding as non-taxable and others as taxable (e.g. Landbay). Read more “May 2017 Income Report”