If you receive an open ended, interest free, repayment free "pay me back when you can" loan from a parent and if that parent died before the loan was repaid....what happens to the loan?
Assuming there is no other surviving parent or brothers or sisters, does this transfer into a gift or an inheritance as far as Revenue are concerned. OR does it just get written off?
Assuming there is no other surviving parent or brothers or sisters, does this transfer into a gift or an inheritance as far as Revenue are concerned. OR does it just get written off?