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How are you here are my questions: No not yet. Here are my

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Hello Pearl, how are you here are my questions:
JA: Have you talked to a tax professional about this?
Customer: No not yet. Here are my questions. I own an apartment. I want my girlfriend to live with me. She won’t pay rent. But we are splitting the costs. Does the money she gives me taxable? I plan to rent out the second room in my apartment, do i need to add the money my girlfriend gives me to that rental income? Do I need to declare that money? Also, I bought the apartment with money my father gave me. 150 000€ was a gift and 175 000€ was a loan that I must repay. I received that money in 2019. My father is from Belgium but lives in the Netherlands. Do I need to declare it? Is it Taxable? I have also received 15 000€ from my mother in 2019 and 25 000€ in May 2020. Do I also need to declare these? Are both these gifts need to be declared and added to together?
JA: Anything else you want the Accountant to know before I connect you?
Customer: No I am good

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Thank you for your question.

[q] I own an apartment. I want my girlfriend to live with me. She won’t pay rent. But we are splitting the costs. Does the money she gives me taxable?

[a] Your girlfriend's contributions towards the running costs is a private arrangement and out of scope of income tax. This money is not taxable.

[q] I plan to rent out the second room in my apartment, do i need to add the money my girlfriend gives me to that rental income? Do I need to declare that money?

[a] The rental income from second room is taxable and should be reported on your tax return. You could take advantage of rent a room scheme and provided rental income is less than £7,500 per annum, it would be exempt under rent a room scheme. You don't add money from your girlfriend as rental income. More information here

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

[q] Also, I bought the apartment with money my father gave me. 150 000€ was a gift and 175 000€ was a loan that I must repay. I received that money in 2019. My father is from Belgium but lives in the Netherlands. Do I need to declare it? Is it Taxable? I have also received 15 000€ from my mother in 2019 and 25 000€ in May 2020. Do I also need to declare these? Are both these gifts need to be declared and added to together?

[a] You don't have to declare gifts or loans on your tax return. YOu need to keep a note of these in the event there was an enquiry into your tax affairs by HMRC.

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