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Posted Wed, 15 May 2024 19:45:00 GMT by pete parat
If a parent provides an interest free loan to an adult student child, and the child earns bank deposit interest, is the bank interest earned the income of the parent or the child?
Posted Mon, 20 May 2024 10:53:19 GMT by HMRC Admin 10
If the recipient of the loan, generates interest as a result of the loan being in their savings / bank account, they accrue the interest and will be taxable on it.

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