Nester Holdings’ Proposed Peer2Peer Legislation in the UK

In UK Foot Anstey, advised on the matter.

Foot Anstey advised Nester Holdings with a team including Jos Style (Picture – Finance).

Nester Holdings on the impact of proposed legislation on Peer2Peer lending by the UK Government.

In November 2021, the UK Government proposed bringing Shariah-compliant peer-to-peer lenders within the scope of the “alternative finance” tax rules, which aim to bring the tax treatment of Shariah-compliant financial products into line with conventional financing, so those investing via Shariah-compliant products are not disadvantaged.

Nester is an online Peer2Peer (P2P) financing platform helping users invest and discover new real estate investment opportunities. Foot Anstey has supported Nester since its inception in 2018 and has completed numerous Peer2Peer financing transactions for Nester, supporting its property investor and developer customer base.

Jos Style (Picture), Senior Associate at Foot Anstey, was part of the team that advised Nester on the proposed legislation.

Involved fees earner: Jos Style – Foot Anstey;

Law Firms: Foot Anstey;

Clients: Nester Holdings;

Author: Giulia Di Palma