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Must there be a contract if my father lends me money?

Posted 29 January 2016

Hanri says:
29 January 2016 at 10:00

If my father lends me money, must there be a contract

TaxTim says:
29 January 2016 at 11:40

How much is he lending you and for how long?

Hanri says:
29 January 2016 at 12:38

It would be R100 000 over a period of three years.

TaxTim says:
29 January 2016 at 19:28

You do not need a contract really as it is between you and your dad.

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