Layla

Thank you very much for your reply. My concern is: Should I explain this repaid loan in Self Assessment? As the repayment route and the banks will be different from the time he borrowed the money.

Hello everyone, May I ask a question here,please? I lent roughly £50k to a friend in 2021, I transferred the funds from my personal accounts into his company account in Hong Kong. My concern is : The company that received my funds has been closed therefore the repayment will be made from another company(Of course, it will be referenced as the repayment from that old company). Do I need to explain and declare the loan repayments with above information in Self Assessment? I don't charge any interest from the loans. Thanks and Best Regards