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Posted 15 days ago by TraceyR246
A friend of my mothers was having money troubles so in 2015 i loaned her £20K at 6% compound interest with annual breaks repayable upon death or when she sold her house, this was all done with solicitors and it went as a lien against her property, she has been reasonably fit until the past year, when she dies and the house sold will the money i receive be classed as interest on my tax return or Capital gains
Posted 8 days ago by HMRC Admin 17 Response

Hi ,
 
This will be classed as Untaxed Interest to report on your Tax Return .  

Thank you .

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