13 March 2012
A builder has lent money to his niece to enable her to extend her house. This will represent about 20% of the value of the converted property and they have agreed that an equivalent percentage will be repaid to the uncle from the proceeds of any future sale. Will this be an income or a capital receipt?
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
