private family loan

[galway_blow_in]

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

 

[rob oyle]

You won't.
There's loads of similar threads on here asking about the same thing - have a search around.

 

[galway_blow_in]

You won't.
There's loads of similar threads on here asking about the same thing - have a search


Had a search, found no thread comparable