My elderly mother had some shares. She has had them for many years (my father bought them before he died).
My brother is trying to move house, and cannot sell his house, but needs to buy the other house.
My mother has sold the shares (about £50,000 worth) and lent the money to my brother to tide him over.
Are their any tax implications on this (Capital gains tax for example)?
If my mother died would their be other tax implications?
Assuming my brother had not repaid the money would their be other implications if my mother died?
Sorry to be morbid, but my mother is very elderly and frail so could die at any time. We have to consider this if the money is not returned.