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Loan to child

lilab_2 · 2014-04-17 18:36:14

Apologies if this is the wrong forum. I wish to lend my daughter the money to purchase a flat. It would be an interest free loan with no set time span for repayment. If she were not able to afford to continue with repayments or she were to want to sell, the capital would revert to me less the repayments she would have…

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jennifernil Posts: 5,719 Forumite

18 April 2014 at 5:59PM

I have done this for a BTL property my daughter has, but I do expect regular repayments and am getting interest, which I declare to HMRC.

I put a charge on the property, the legal and registration fees were £180 (Scotland)

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Loan to child

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