Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. We suggest that you seek independent tax advice if you are unsure about anything.

1. A loan is not repaid - In the event that a loan is not being repaid and if the security property cannot be sold for an amount that is enough to cover costs, interest owed to investors and their full investment amount, this could result in a capital loss for investors. Your IFISA tax allowance will not be affected but loss of investment may have tax consequences.

2. The P2P platform fails - In the event that LandlordInvest fails (either voluntarily or involuntarily), lenders will be notified of their right to transfer all IFISA funds to another ISA manager. The cash held in the IFISA will remain within the tax-wrapper and will continue to do so until it is withdrawn or transferred out the IFISA. Please note that the cash will lose its tax-wrapper if funds is withdrawn from an IFISA to a bank account.

3. Procedure for withdrawing a P2P agreement from the IFISA - You may only withdraw cash from your IFISA account. If you withdraw cash from your IFISA account, they will lose their tax-free wrapper unless you deposit the cash back the same tax-year as the funds were withdrawn.

4. A request for transfer of all or part of the IFISA - Investors can at any time transfer part or all of their cash in their IFISA, subject to our Terms and Conditions for Innovative Finance ISA and HMRC's ISA regulations. The timing of the transfer is subject to HMRC transfer guidelines and may take up to 30 days to complete (we will notify you shall it be longer). You may only transfer cash to/from the LandlordInvest IFISA in order to maintain their tax-free status. The cash will lose its tax-wrapper if money is withdrawn from an IFISA to a bank account.

5. A warning, as relevant, that it may, or will, not be possible to sell or trade P2P agreements at market value on a secondary market - You may list and sell loan parts on the secondary market if you wish to exit a loan investment prior to the loan's maturity date, provided that the relevant loan is eligible for the secondary market and that there are buyers for the loan part listed for sale.

Please keep in mind that lenders can list and sell their loan parts at a discount on the secondary market, you may get less back than you initially invested in a loan (provided that there are buyer(s) for the loan part and that the loan part is eligible to be listed on the secondary market).