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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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A friend requested a loan. He helped me win a property deal,

Resolved Question:

A friend requested a loan.
He helped me win a property deal, so I said he could have the loan as a gift.
He did not think the amount gifted was enough, we could not reach an agreement, so I asked for the gift to be treated as a loan and be repaid.
Is it a loan or a gift?
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you with this.
Just to be clear, it was given as a gift but he thought it was not enough, so you asked for it back?
Customer: replied 2 years ago.

Hello Alex. That is correct.

Expert:  Ash replied 2 years ago.
Its bad news I am afraid. If it was given as a gift and not conditional (from what you said it is not), then sadly you can't ask for it back.
If it started as a gift, it will always be a gift.
Can I clarify anything for you about this today please?
Alex
Ash and other Law Specialists are ready to help you
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