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Was this investment actually a loan to your friend to get his business venture off the ground?
Then the repayment of the loan will have absolutely no tax consequences unless interest is paid. Be careful though, savings of over 6K may have an effect on ESA.
I would love to talk to you on the phone, but I am responding to your query from a time zone 6 hours ahead of BST making telephonic communication both impractical and expensive.
I do hope that you have found my reply of assistance.
You do not need to declare the repayment of the loan, but if your savings go over 6K as a result it may affect some of your benefits.
Thank you for your support.
As far as I am aware the phone call charge does not kick in until I notify that the call has been successful, which in this case I did not as it proved unnecessary. There is a time limit on this also so it will soon die a natural death anyway!
According to my screen, the phone call offer has expired.
Remember I am 6 hours ahead of BST.