Skip to main content

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

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

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

Thank you.

You must be signed in to post in this forum.