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Post by darkky on Apr 21, 2016 17:47:28 GMT
There is a hot topic going on regarding the capital gains on p2p platforms, which could possibly need reporting depending on how secondary market purchases are structured.
Would someone from rebs please clarify whether buying a loan part on the secondary market is treated as purchasing the original loan from the INITIAL lender, or redeem of the old loan part and issuing a new one for the buyer?
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Post by rebsrep on Apr 22, 2016 7:42:51 GMT
Thank you for the question. I've already forwarded this on to our compliance team to advise.
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Post by danraj on Apr 22, 2016 9:23:34 GMT
Lenders buy the right to receive the repayments of the microloan arranged by the original lender who is named on the contract.
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