Tax on rent

MP181

Dear team 

So my boyfriends send me his half of rent every month to my bank and i pay the landlord will i be liable for the money he sends to my account? I work full time and have my wages coming into my account as well as his hare of rent. 

Thanks in advance.

Momanns

No. Absolutely not - no need to worry

MEM62

You are taxed on income, not transferring your boyfriends rent payment. 

nyermen

Nope its fine.

If you want to be really careful, just keep a copy of the tenancy with rent amount plus bank statements which will show all that, just in case you ever need to prove it in the future (eg. higher earnings / self assessment etc).

Only time you should worry about tax within a rental is if your landlord is based overseas, as I think you're then required to pay the landlord's tax direct to the government yourself.

phillw

You could also ask your boyfriend to put the reference "SHARE OF RENT" or something.

It doesn't really make any difference in terms of tax, but it might make it easier to spot the transactions and if there is ever any question then it says right on the transaction what it is.

km1500

you are not taxed on gifts of any kind in this country so your boyfriend could give you as much as he wanted and you could spend it on anything you wanted and there would still be no tax to pay

Hattie627

km1500 said:

you are not taxed on gifts of any kind in this country so your boyfriend could give you as much as he wanted and you could spend it on anything you wanted and there would still be no tax to pay

Qualified by the fact that If the gift maker dies within 7 years of making the gift, the value of the gift (or part of it) is counted into the value of assets for inheritance tax due on the Estate passing on death. But the payments the OP speaks of are clearly not gifts and, even if they were gifts, are not taxable against the recipient.

[Deleted User]

nyermen said:

Nope its fine.

If you want to be really careful, just keep a copy of the tenancy with rent amount plus bank statements which will show all that, just in case you ever need to prove it in the future (eg. higher earnings / self assessment etc).

Only time you should worry about tax within a rental is if your landlord is based overseas, as I think you're then required to pay the landlord's tax direct to the government yourself.

Does the OP work for HMRC?