Loaning money to a friend

[#1]

Hello,
I’m looking at loaning $25,000 interest free to a friend in need, for a period of 1 year (drawn up on a contract with clearly defined terms). Would there be any tax implications for myself by doing this?
Thank you

[#2 · Accepted solution]

No as long as you are not claiming anything for it or receiving anything for it and there is a clear contract.