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Where Taxpayers and Advisers Meet
property/loan profit
I leant my sister 25% of the cost of the private residence she purchased 10 years ago. The agreement was that when and if she sold the property I would receive 25% of the proceeds. The original loan was £40000 and she has recently sold the property and repaid me £48000. How in my hands is my profit of £8000 dealt with for tax purposes please.
