Tax free loan between friends

Hi, I'm hoping to buy a house in Spain (I'm Spanish but UK resident and I pay my taxes in UK), and a friend has offered to lend me £15k to pay a deposit for the house in Spain. This loan is tax free and to be repaid in 6 months to his UK account. Do we need to declare it to HMRC?

Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.