Important Disclaimer
This guide is for informational purposes only and does not constitute tax advice. Tax laws vary significantly by country and individual circumstances. Always consult a qualified tax professional for advice specific to your situation.
How P2P Income is Typically Taxed
In most jurisdictions, interest earned from P2P lending is considered taxable income. The specific treatment depends on your country of residence.
Common Tax Treatments
| Country | Typical Treatment |
|---|
| Germany | Capital gains tax (25% + solidarity surcharge) |
| UK | Interest income (within Personal Savings Allowance) |
| Netherlands | Box 3 wealth tax on assets |
| France | Flat tax (30%) or progressive income tax |
| Spain | Capital gains (19-26% depending on amount) |
What Counts as Taxable Income?
Generally Taxable
- Interest payments received
- Cashback and referral bonuses
- Late payment fees received
- Recoveries from defaulted loans (if previously written off)
Generally Deductible
- Platform fees
- Writeoffs/defaults (varies by jurisdiction)
- Currency conversion losses (in some cases)
Not Taxable
- Return of principal (your original investment)
- Paper gains (until realized)
Record Keeping
What to Track
- Interest Income: Monthly interest received per platform
- Bonuses: Cashback, referral rewards, promotional bonuses
- Fees Paid: Platform fees, service charges
- Defaults: Loans written off or defaulted
- Deposits/Withdrawals: For capital gains calculations
How Crowdlending Hub Helps
Our Tax Declaration page aggregates your data automatically:
- Yearly totals by platform
- Gross vs net income breakdown
- Downloadable reports for your tax advisor
Platform Tax Statements
Most P2P platforms provide annual tax statements. Request these from:
- Mintos: Annual Tax Report (January)
- PeerBerry: Account Statement export
- Bondora: Tax Statement in Account section
- Estateguru: Annual Summary Report
Always use official platform statements for tax filing, not just your tracked data.
Common Tax Optimization Strategies
1. Loss Harvesting
If you have defaults, these may offset gains in some jurisdictions.
2. Timing of Withdrawals
Consider the tax year when withdrawing large amounts.
3. Platform Selection
Some platforms are more tax-efficient in certain jurisdictions.
4. Currency Considerations
Currency gains/losses may be taxable separately.
Preparing for Tax Season
Monthly Tasks
- Import transactions into Crowdlending Hub
- Categorize bonuses and fees correctly
- Note any defaults or recoveries
Year-End Tasks
- Download platform tax statements
- Export Crowdlending Hub tax summary
- Reconcile any discrepancies
- Gather supporting documentation
- Consult your tax advisor
Documentation to Keep
- Platform account statements
- Transaction histories
- Tax certificates from platforms
- Your tracking records
- Currency exchange rates used
Use our Tax Declaration tool to aggregate your P2P income for tax reporting.