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If I loaned capital to a person (not a relative) to help them buy a house what are the tax consequences for me now or in the futur

by penny48, 5 months ago•Open Question

Amount is a large capital sum (5 figures).
The person wants to repay the loan ultimately (but could only afford to do so when the house is sold)

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Answers (2)

I am not sure many would be able to give you advice on this question. It is probably best for such a large matter to seek some qualified financial advice to make sure you have everything covered.

by TheBandit, 5 months ago

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I would not lend money indefinitely in any circumstances unless you can afford to lose it altogether. I would make sure that if you do go ahead you take legal advice and draw up a proper loan agreement.

by roseangel, 5 months ago

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