Skip to main content

beta This is a new service – your feedback will help us to improve it.

Getting a loan from my friend in Dubai

Posted Tue, 16 Jan 2024 11:19:21 GMT by
Im getting a loan from my friend in dubai on 0% interest. This will be deposited into my Indian NRI account. Will I be taxed in UK for this if there is a written loan agreement?
HMRC Admin 20 Response
Posted Thu, 18 Jan 2024 09:54:08 GMT by HMRC Admin 20 Response
Hi Majosh James,
Not on the actual capital. you may need to pay tax on any interest or dividends that this then generates.
Thank you.

 

You must be signed in to post in this forum.