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Debt return

Answer
Mohammed Abdelmonem
Posted Sun, 20 Oct 2024 16:49:02 GMT by Mohammed Abdelmonem
Hi A friend is returning me a debt 10k , there was no intrest and I am planning to put them in my personal account which generate No intrest as well. Do I need to declare this money to HMRC or pay any tax on it ? Thanks
HMRC Admin 8 Response
Posted Wed, 23 Oct 2024 13:20:25 GMT by HMRC Admin 8 Response
Hi,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances.
Income Tax: introduction
Thank you.

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