Prince Andrew’s £1.5m loan ‘paid off by firms linked to Tory donor’

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Report claims loan was ‘unusual’ but approved as it could open up ‘further business potential with the royal family’

The loan’s repayment was not due until March 2018 but was repaid after only 11 days through a transfer of £1,503,000 from a Guernsey-registered company, which was controlled by Mr Rowland’s family, a former employee told Bloomberg.

Source: News Formal (newsformal.com)

 

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NevilleSouthall Word is he spent it on Chinese takeaways. Andy's a bit partial to a Sum Wun Yung.

Is that a taxable gift

Do he have to pay taxes for the gift

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