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I was recently approached to act for a new client. This client has given a loan of say €100,000 to his sister. This loan is a number of years old. No repayments have been made and no interest has been charged. In my view, the Inspector may treat this as a gift to his sister. If this is the case, what the cgt/cat implications for my client and his sister?

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Asked on 21 April 2015 11:04 am
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