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alicey
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You'd be liable to his estate.0
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no tax payable on the loan0
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That is a strange thing for someone to want to do. Why is he wanting to lend you money?My elderly godfather wants to loan me £30000, to be repaid over an indefinite period, at an annual interest rate of 1%. What happens if/when he dies? Will either his estate or I be liable for tax on the loan?
Do you perhaps mean that you want to borrow the money, and he has agreed to it?
As above, you will owe his estate.0
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