Is This Taxable Income

[Bazile]

My daughter lives with me and my wife

My daughter  gives me x amount for her keep .

Is that money my  daughter gives me classed as income for me ? 

[ToraToraTora]

No you can rent a room in your house up to £7500pa tax free.

[nicebloke1]

I would doubt it, I think your allowed x amount to rent a room out, or you were??

[newmodarmy]

No. Presumably it's covering some or all of the costs that you bear- food, electricity, etc

[newmodarmy]

But if you're over 65 don't tell the chancellor

[Madgeorge]

We don't have a child tax............yet!

[gingejbee]

...and who would even know that your daughter gives you anything? (apart from us!)

[nicebloke1]

Can't see a reason you would raise this point " over 65 dont tell the chancellor"?

[newmodarmy]

😉