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Receiving money back from parents

Claudia B
Posted Sat, 01 Jun 2024 21:59:49 GMT by Claudia B
Hello. I sent my parents (who live in Brazil) about £30k so that they could pay a debt. Now they want to pay me this money back. I'm not charging any interest. Do I need to declare/pay tax when they send this money to me?
HMRC Admin 10 Response
Posted Tue, 04 Jun 2024 15:58:52 GMT by HMRC Admin 10 Response
Hi
No as this is a return of your capital.

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