Do i have to declare rent from daughter ?

Discussion in 'Finance, Property, Law' started by CHENMP, Feb 27, 2008.

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  1. After having serious issues with my last tenant and letting company resulting in me being £950 out of pocket i took my house off the rental market. This is my only property as i work overseas for the FCO and free accomodation is provided.

    My property remained empty for about a month and then my daughter asked if she and her fiancee could live in the house as there rent was £750pcm. I said yes they then stated that they would happily pay me £450 pcm so as not to be seen to be accepting charity. They also pay council tax etc.

    Do i have to declare this money to the tax man or is it like getting kids that live with you to contibute to living there etc.