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I would be grateful of any advice, can I offset a loan gone bad in a IFISA account against interest recieved from other P-P loans,Thanks
No, you can't offset taxable gains in taxable P2P lending accounts against losses in IFISAs or pensions.
Thanks for your answer ,was afraid that was the case
Sorry to contradict, but I believe the answer is yes you can. Have a look at:
There's no reference to any specific exclusion for a P2P (IF) ISA.
No you can't, the loan must be subject to tax (which loans in an IFISA are not) to be eligible.
Look under 'What this means for UK individuals.'