Using an Innovative Finance ISA to fund my properties

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    Using an Innovative Finance ISA to fund my properties

    Hi

    Is it possible to use the peer to peer function of innovative ISAs to lend to my own rental company? This would mean my funds stay in an ISA wrapper instead of taking them out to fund purchases.

    #2
    I think you need to ask hmrc about your plan .

    Comment


      #3
      also the fees charged by peer to peer platforms might out weight the gains.

      Comment


        #4
        Looking into it further, these need to be set up via ISA approved peer to peer platforms and they have fees that way exceed any gains. Interesting hypothetical arrangement but not practical.

        Comment


          #5
          As you said "they have fees that way exceed any gains." -- it sounds like fraud.

          Comment


            #6
            I bet this is one of those schemes where the tax man finally gets fed up, in about ten years time, gets it declared illegal, and asks you for all the back taxes plus interest.
            To save them chiming in, JPKeates, Theartfullodger, Boletus, Mindthegap, Macromia, Holy Cow & Ted.E.Bear think the opposite of me on almost every subject.

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