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Will I be taxed if I loan my brother money interest free?

Posted 8 February 2016

Charms says:
5 February 2016 at 13:33

Will I be taxed if I loan my brother money interest free. I am a South African resident but he lives in the UK.

TaxTim TaxTim says:
5 February 2016 at 13:44

How long does he expect to loan you the money for?

Charms says:
5 February 2016 at 14:15

I am loaning him the money. Probably for three months.

TaxTim TaxTim says:
8 February 2016 at 7:52

No you will not be taxed.

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