Daughter's contribution to household: taxable?

bubbleoflife_2

Before starting university and moving out, my daughter contributed an almost regular £140.00 per month towards household expenses.
Is this amount taxable?

grey_gym_sock

no, definitely not.

bubbleoflife_2

grey_gym_sock wrote: »

no, definitely not.

Thank you for your reply. The amount, though, shows in my personal account. Does it count as 'personal'?

[Deleted User]

If you considered that she was renting your room, she'd be well under the 'rent-a-room schema' limit of £4250

https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme

DaveTheMus

bubbleoflife wrote: »

Before starting university and moving out, my daughter contributed an almost regular £140.00 per month towards household expenses.
Is this amount taxable?

no profit no tax

bubbleoflife_2

Many thanks!

CLAPTON

bubbleoflife wrote: »

Thank you for your reply. The amount, though, shows in my personal account. Does it count as 'personal'?

what's a personal account?

zygurat789

bubbleoflife wrote: »

Before starting university and moving out, my daughter contributed an almost regular £140.00 per month towards household expenses.
Is this amount taxable?

What about all the expenses you incurred prior to this!

bryanb

The money has already been taxed by daughter's employer (presumably)

CLAPTON

bryanb wrote: »

The money has already been taxed by daughter's employer (presumably)

most of our spending has already been taxed by our employer but that doesn't stop it being taxed again

zygurat789

CLAPTON wrote: »

most of our spending has already been taxed by our employer but that doesn't stop it being taxed again

Taxed almost every time it changes hands