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Interest free mortgage repayments and SATR

Answer
Gzl123
Posted Thu, 05 Sep 2024 18:59:26 GMT by Gzl123
Earlier this year I loaned £60k to my daughter as an interest free mortgage to help her buy her first house. She’s going to start repaying the mortgage later this year at £1k per month. Do I need to declare this £1k per month income on my SATR next year ?
Answer
HMRC Admin 25 Response
Posted Thu, 12 Sep 2024 15:50:58 GMT by HMRC Admin 25 Response
Hi Gzl123,
No this is not income, but a repyament of the capital that you loaned.  
Thank you. 

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