Sunny day
Joined: 1/3/2023
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Family loan - interest
My brother is loaning me money to cover a shortfall on a mortgage redemption. Since I don’t want him to lose out I want to pay him the same interest he was receiving from his savings account while I have the loan. Can the interest I pay still be part of his tax-free savings allowance as before, or will it become part of his taxable income.