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Rental income from family

Posted by Samtyler PM | on Wed, 16/01/2013 - 17:22  467  7 comments | report

 

I am just completing my very first tax return, which is a pretty simple affair and fairly straight forward.

But, I had a family member move back into my house and start paying me £450 a month for food, rent (although I have a mortgage), heating etc.

 

Should this amount be going on the tax return?

 

Comments
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Because the receipts exceed the Rent-a-Room relief amount

BKD | Thu, 17/01/2013 - 08:24
BKD's picture

Thanks for this, very helpful

Samtyler | Thu, 17/01/2013 - 09:48

Who's the family member?

George Attazder | Thu, 17/01/2013 - 11:26
George Attazder's picture

Hi George

Samtyler | Thu, 17/01/2013 - 16:04

Have they got a rent book

Chris Smail | Thu, 17/01/2013 - 16:31
Chris Smail's picture

Huh?

Constantly Confused | Thu, 17/01/2013 - 16:55
Constantly Confused's picture

Thankyou for the responses.

Samtyler | Thu, 17/01/2013 - 18:47