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Family loan tax for cash loan from overseas

Posted Mon, 05 Feb 2024 20:51:56 GMT by
How much maximum amount I can get as non conditional family loan and is there any tax applied on that amount. Thanks
HMRC Admin 20 Response
Posted Wed, 07 Feb 2024 14:54:18 GMT by HMRC Admin 20 Response
Hi M Younes,
That is between you and the borrower. tax will only be due on intetest that you charge for repaying the loan.
Thank you.

 

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