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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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My daughter has talked out a bank loan to pay grandsons

Customer Question

My daughter has talked out a bank loan to pay for my grandsons extra. I year at university and his accommodation If I pay to cover the loan either to my daughter or direct to the bank will this be taxable to my daughter or to me.My wife and I do not have an estate eligible for inheritance tax.
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you.
No.
This is just a gift and not subject to tax.
Can I clarify anything for you about this today please?
Alex
Expert:  Ash replied 2 years ago.
Hi

I am just following up to see if there is anything else I can help with?

If you have not done so already might I ask you to rate my answer before you go today please, the button should be at the bottom of the screen.

If you need more help please click reply.

Alex