Andrew Howell

Hi - myself and a friend bought a property in Ireland. At the time he didnt have the money to pay his half so I paid my half and about 45K of his half. He has now paid me back this 45K to my account in Ireland. I then transferred the money over to England to my English account. The bank in Ireland have contacted me asking where this money came from. Am I right in assuming that as this money was paid back to me and I havent made any profit on, GCT (or the Irish equivalent) wont be payble?