Hello all, I have a quick question on tax.
My nephew is getting into a college abroad and I’ll be paying his fees using a U.K. bank account.
He is getting into this college based on a quota which requires the funds to come from outside the country.
The plan is for me to pay his fees and then his dad paying back this fees after a month.
I’ll be receiving back that money into the same bank account after a few months. Will this have a tax implication?
Regards
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