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There is no tax on loans.
No, there is nothing like this. I have never heard this in my life
Still its not taxable.
Is this question related to UK or US?
See based on your explanation, its a loan and its not liable to UK taxes.
But its not your investment, you are borrowing money from bank and security is your deposit in the same bank. Its loan and not investment Unless i am missing out something
Yes, its investment and you pay taxes on interest recieved
No, you don't need to pay tax on loan. If you are going to use your deposit in India to pay off the loan then was this balance earned in India? If yes, what was the source? were you UK resident at that time?
What was the source of the deposit?
Then there is NO TAX ON THE LOAN.
STILL THERE IS NO TAX ON THE LOAN.
No, you won't pay any tax now as tax is already paid