Question 1

Is a gift and a loan treated differently?

Maguire & McInerney Lawers · Accepted Answer

Yes. In determining if funds were a gift or a loan, it is necessary to look at whether a loan agreement exists, whether any repayments have been made or whether there is any other evidence such as emails or text messages that confirm that the funds are a gift or loan.

Question 2

Is a gift and a loan treated differently?

Maguire & McInerney Lawers · Accepted Answer

Yes. In determining if funds were a gift or a loan, it is necessary to look at whether a loan agreement exists, whether any repayments have been made or whether there is any other evidence such as emails or text messages that confirm that the funds are a gift or loan.

Question 3

Is a gift and a loan treated differently?

Maguire & McInerney Lawers · Accepted Answer

Yes. In determining if funds were a gift or a loan, it is necessary to look at whether a loan agreement exists, whether any repayments have been made or whether there is any other evidence such as emails or text messages that confirm that the funds are a gift or loan.