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Private Equity - NTLR credits and tax returns
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D Bergman
Posted: 13 January 2023 14:34:05(UTC)
#1

Joined: 22/03/2018(UTC)
Posts: 1,308

I invested some money a couple of years ago with a private equity firm, and one of the investments (a CLO fund) has shown interest received of £4075 in the 2021/22 tax year, which obviously I need to account for in my self-assessment form.

However, the private equity firm has also sent me a statement that I have £8323 in NTLR (non-trading loan relationship) credits.

Does anybody here know what that means, and do I have to declare this (and if yes, then where)?

Many thanks!
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John Dickenson
Posted: 17 January 2023 16:51:43(UTC)
#2

Joined: 30/01/2017(UTC)
Posts: 40
This sounds like an investment to me so I guess it could be liable to Capital Gains Tax once you realise the investment in real cash terms and hopefully the 'interest' just forms part of your return on the investment which may be offset by any other losses that the investment may have made. It seems to me that you really need a full financial statement & valuation from the company that details the full status of your original investment and indicates what elements of any gain on the original sum may be taxable.
However, I am certainly no expert in these matters so please don't consider my comments to represent any form of advice which I would suggest you may need to obtain from a properly qualified professional.
Nevertheless I hope this is some help to you.
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MarkSp
Posted: 21 January 2023 08:50:07(UTC)
#3

Joined: 02/02/2020(UTC)
Posts: 2,199
D Bergman;253686 wrote:

I invested some money a couple of years ago with a private equity firm, and one of the investments (a CLO fund) has shown interest received of £4075 in the 2021/22 tax year, which obviously I need to account for in my self-assessment form.

However, the private equity firm has also sent me a statement that I have £8323 in NTLR (non-trading loan relationship) credits.

Does anybody here know what that means, and do I have to declare this (and if yes, then where)?

Many thanks!


There is a lot on the Gov site. It looks complicated but the fund can "surrender" losses to others who can then use those to offset tax payments.

You need a decent accountant
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