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Loan to daughter's compny

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Comments

  • Keep clear if you value them, the lender would walk away knowing that the deposit was also a loan.
  • Roysee
    Roysee Posts: 12 Forumite
    Many thanks for all your helpful comments. This has given me plenty to think about. Cheers
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    If you want to help do it as a gift. Because in all likelihood thats what it will end up being however you decide to do it.
  • Ilona
    Ilona Posts: 2,449 Forumite
    There is a lot more to this story if you read back through the OP's previous threads.

    Quote....My daughter runs a btl business making profits. I maintain her accounts and file her tax return.
    Unqote

    Posted in March.
    Quote.....I have two btl properties and last year made a profit for the first time and after deducting previous years losses I was still in profit and paid tax on those profits.
    Unquote.

    It does help to get the whole story.

    ilona
    I love skip diving.
    :D
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