Property Partner launches Innovative Finance ISA

By Roger Baird on Monday 4 February 2019

Alternative Lending

The property platform said the investment product will shield investors from tax liabilities.

Investment platform Property Partner has launched an Innovative Finance ISA product, designed to shelter investors from certain tax liabilities on their holdings.

The London-based firm said the product “structure shields investors from income and capital gains tax liability on their investments”.

It added that investors are allowed to place up to £20,000 a year into an Innovative Finance ISA account, which can be used to invest in property development projects through online platforms.

The property investment platform said investors can open an ISA account to sit alongside their standard account, and can transfer in ISA accounts from other providers. The business said it targets returns “at least 10 per cent” on its investments.

Chief executive Marshall King said: “We’ve introduced the IF-ISA wrapper to enable our investors to maximise returns from the increasing number of loan opportunities we are bringing to our platform. It further broadens our appeal to active investors seeking strong returns from property backed investment opportunities”.

ISA products are attractive with fintech investors. Last month peer-to-peer lending platform Ratesetter said £170m has been invested into its ISA account after launching just under a year ago.

Since Property Partner was founded in 2015, over 13,000 individuals have invested in 900 properties, worth around £133m, under the company’s management. The platform sold its first two London propertiesworth £235,000 and £326,000 last month, reliasing profits of up to 43 per cent.

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