How are capital gains from P2P loans treated for tax purposes?
August 24, 2022 | 40,00 EUR | answered by Robert Kockel
Dear tax consultant,
My name is Roberta Fritsche and I am currently dealing with the topic of capital gains from P2P loans. I recently started investing in P2P loans and regularly receive returns from my investments. Now I am wondering how these returns are treated for tax purposes and whether I have to pay taxes on them.
I am currently unsure about whether and how I have to report the capital gains from my P2P loans in my tax return. Since I am not familiar with this topic, I am worried that I might make tax errors and get into trouble as a result. Therefore, I would like to know from you how I have to correctly declare my capital gains from P2P loans in my tax return in order to avoid any issues with the tax authorities.
Could you please explain to me how the capital gains from P2P loans are treated for tax purposes? Do they have to be reported in the Anlage KAP and are there any special considerations to keep in mind? Are there possibly any tax advantages or allowances that I can use when reporting my capital gains from P2P loans?
I would be very grateful if you could help me with this topic, as it is still new to me as a beginner in the field of investments. Thank you in advance for your support.
Sincerely,
Roberta Fritsche
Dear Mrs. Fritsche,
Thank you for your question regarding the tax treatment of capital gains from P2P loans. As an experienced tax advisor in the area of capital assets, I am happy to assist you with this.
In general, capital gains from P2P loans must be reported in your tax return. They are listed in the attachment KAP (income from capital assets). Capital gains include interest, dividends, capital gains, and also profits from P2P loans. These must be separately reported in the attachment KAP.
P2P loans are a form of investment where individuals lend money to other individuals or businesses. The returns from these loans are also subject to taxation and must be reported in your tax return. It is important to note that the returns from P2P loans are generally considered income from capital assets and are therefore taxed at a flat rate of 25%, plus solidarity surcharge and possibly church tax.
However, there are exceptions and special considerations to be aware of. For example, losses from P2P loans can be offset against gains from other capital investments. There are also tax-free allowances, such as the saver's lump sum of 801 euros for singles or 1,602 euros for married couples, which can be applied to capital gains and offer tax advantages.
It is important to correctly report the capital gains from P2P loans in your tax return to avoid possible tax errors. If you are unsure, I recommend seeking advice from a tax advisor or specialist to ensure that your tax return is correct and complete.
I hope that this information has been helpful to you. If you have any further questions or need assistance, I am happy to help.
Sincerely,
Robert Kockel
