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The debtor and creditor must not be connected. Debts owed by related parties such as family members, business partners, shareholders or connected companies are not tax deductible.
Although you may charge interest and all the requirements apply for a lending, your loan is made to parents and therefore not eligible for deduction.
Please scroll up to see the STARS to rate so I am credited.
The brother is a resident of the UK plus it is for a trade in the UK
Under 253 TCGA 1992 the borrower must be a UK resident when they receive the loan