![A loan from the family often ends in problems with the tax office. What to do so that the tax office does not block the account on 02/05/2022]](https://i0.wp.com/d-art.ppstatic.pl/kadry/k/r/1/9e/ba/626ab8857eea2_o_original.jpg?fit=%2C&ssl=1 "A loan from the family often ends in problems with the tax office. What to do so that the tax office does not block the account on 02/05/2022]")
Ignorance of the law is harmful and is never an excuse or even a mitigating circumstance. We often find out about it in financial matters – even when they are settled on private grounds, even in the immediate family, it turns out – the worst when over time – that even there the tax authorities have their insight. So we must be aware that sometimes the tax has to be paid even on wedding or communion gifts. Still other tax rules govern loans. In the latter case, there is also the aspect of debt repayment – when the debtor is reluctant to return the money or has no intention of returning it at all, assuming that the conflict will stay in the family anyway, and the bailiff will not knock on his door. . So let’s get to know these regulations – to know the law now and “in advance”. So what should we do to safely borrow money from relatives and relatives?
It may come as a surprise to borrowers in their family and relatives to pay tax on the loan in some situations. If they don’t, the Tax Office will first collect the tax itself, and then impose a fine of up to 20% of the amount borrowed! And then the borrower will not only be in debt to the family, but also to the Tax Office. So how to borrow in the family so as not to have problems with the tax office and even the bailiff?
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Contents
While taking out a loan from a family member is extremely simple in itself, it undoubtedly requires knowledge. Of course, it is known that not everyone is able to follow changes in the regulations on an ongoing basis, but before borrowing money, it is worth getting acquainted with their current version for your own financial security.
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A family loan is treated as a great alternative to bank loans or loans in parabanks, not only because it is usually “cheaper”. It can also be faster (the family does not analyze our creditworthiness like a bank), and in addition, we can often count on flexibility in terms and repayment dates.
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