This Loan Release Deed shall be used where you want to release someone of a debt they owe you. If you lend someone money and later write to them releasing the debt, it is important that the release is by deed otherwise it will still remain part of your estate for inheritance tax purposes.

Where a loan is made between individuals, HMRC will not accept that it has been waived and the estate of the lender reduced, unless the waiver is effected by deed. Our Loan Release Deed template provides for a waiver of a loan by deed, it is designed to be used when both the lender and borrower are individuals, it also provides options for a complete debt write off or a partial debt write off. It can be used in conjunction with our Personal Loan Agreement template.

This Loan Release Deed is in Microsoft Word format, written in plain English, easy to use and edit, it can be tailored to your specific needs.

RELATED DOCUMENTS:

• Personal Loan Agreement