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Posted Mon, 17 Apr 2023 10:54:38 GMT by peters2003 Anon
Years ago I loaned a substantial sum (£8000) to a friend, and he will now repay it into my bank account. If HMRC decides to investigate and starts asking questions about the money received, how can I prove this was a loan that is now being repaid? The loan was made at zero interest, and I will not make a profit from it.
Posted Tue, 25 Apr 2023 10:37:18 GMT by HMRC Admin 19
Hi,

You will need to have written agreement signed by both parties to show this.

Thank you.

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