Tax liability on a loan that is being repaid

Tax liability on a loan that is being repaid

Postby timinleeds on Tue Jun 15, 2010 2:41 pm

Hello, I made a personal loan to a friends business some years ago. If I receive repayment of said loan and no intrest has been charged on the loan will I be liable to pay any tax on the loan repayment.

Regards Tim
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Re: Tax liability on a loan that is being repaid

Postby mullet on Tue Jun 15, 2010 5:49 pm

No.
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