Reading down through new responses I feel it is not possible nor feasible for posters to give a full life history behind their query.
I tried to keep my query as concise as possible initially without having to explain myself and give family background.
I'm quite aware of the fact that children can fail to repay loans to their parents. This was not my question. If I'd a problem in this area I would have asked advise.
My query was in relation to tax implications and should, as other people stated, have been answered accordingly.
To those who did give me the tax advise I enquired about I once again thank.
I tried to keep my query as concise as possible initially without having to explain myself and give family background.
I'm quite aware of the fact that children can fail to repay loans to their parents. This was not my question. If I'd a problem in this area I would have asked advise.
My query was in relation to tax implications and should, as other people stated, have been answered accordingly.
To those who did give me the tax advise I enquired about I once again thank.
