private family loan

galway_blow_in

Registered User
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so my uncle is interested in loaning me a sum of thirty thousand euro and i would agree to pay him back at a fixed rate of 5% over five years

what im wondering is , in order to satisfy the tax authorities , will he and i need to employ a solicitor to draw up an agreement in order to make the arrangement legitimate , no problem setting up a direct debit each month but perhaps this is meaningless in the eyes of revenue unless i have something in writing which confirms what its for
 
You won't.
There's loads of similar threads on here asking about the same thing - have a search around.
 
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