If you’ve been investing in P2P loan platforms such as Mintos or Twino, you will need to know how the profits you make will be taxed.

This is a general rule for all your investments. Always consider the tax impact of any investment you do. Different asset classes and investments can be taxed in different ways, so you need to look at that as it will affect your net return, sometimes in a drastic way.

The UK tax authority has issued a good guide that should be applicable to many other countries in the EU too, although it’s always important to check with your country’s authorities for specific guidance.

The advantage of peer to peer loans for lenders is that they can generate higher interest rates that exceed the interest that could be earned from banks and other financial institutions.

P2P loan platforms also give borrowers an alternative to the finance which they may get from standard financial intermediaries.

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Cryptocurrencies as an asset class are a very new thing in general, having only existed for a few years. Governments around the world are still learning about them and subsequently enacting regulations and laws governing them.

One big question that many cryptocurrency investors are sure to have is this: How will my cryptocurrency holdings be taxed?

This is the question I’ll be tackling in this article. If you would like to read more about Bitcoin before, check out my guide to investing in Bitcoin and other cryptocurrencies, as well as my list of crypto resources.

Cryptos only exist in a digital, virtual form and do not have any physical form. They can be used to make payments for goods and services, although no government has so far actively encouraged their use as an alternative currency. They are also popular as a store of value and for speculation, lending and trading purposes.

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