Question to an expert
How to financially assist a child or another person ?
The use of the loan between physical persons is a simple and free help temporarily and your loved ones, provided that this type of operation remains casual and complies with certain rules.
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They are written, registered, notarized or just the verbal and when the amount exceeds 760 euros, these loans must be reported to the tax administration. The declaration is sent by the debtor to the tax department, at the same time as its income tax return for the year following the year of the conclusion of the loan.