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Tax on interest on personal loan

Answer
Posted Sun, 07 Jan 2024 19:05:10 GMT by
Hello I will receive interest on a loan I made to a family member when the loan matures. I will receive the interest gross. How do I record this on self-assessment? Is it TR3 box 2? Thanks Andy
HMRC Admin 20 Response
Posted Fri, 12 Jan 2024 12:19:49 GMT by HMRC Admin 20 Response
Hi Andy,
You would enter it in the untaxed interest box, the same box you would report bank / building society interest.
Thank you.

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