Tax Again

[Bazile]

1. My daughter lives with me and my wife and gives me X amount for her 'keep' 

Does that count as income for taxation ?

2. Nationwide building society made a payment of £100 to their account holders .

How is that payment taxable ?

 

[Peter Pedant]

1. no

2. or students? no for the student not taxable

 

[newmodarmy]

Whether student  or not doesn't matter.

its like rewards or cashback.not taxable. The NW probably pays any tax due.

[barry1010]

Banks and building societies don't deduct tax and the Fairer Share Payment is taxable. See Clause 9

https://www.nationwide.co.uk/about-us/fairer-share/terms-and-conditions/

[barry1010]

Income for child maintenance is not taxable 

https://www.entitledto.co.uk/help/benefits-maintenance-children

[davebro3]

nma - please don't give out false info🙄

[barry1010]

You may not be interested, Bazile, but is your wife aware she is entitled to tax relief on the money she gives you?

https://www.gov.uk/income-tax-reliefs

[Old_Geezer]

Shows how much I know. I'd have figured it was just a contribution to the family's bills and no more taxable than that which you and your wife contribute.

[barry1010]

It's not taxable, OG. 

[Bazile]

Barry

//You may not be interested, Bazile, but is your wife aware she is entitled to tax relief on the money she gives you?//

I don't follow that 

The money my daughter gives me is to help with the bills , because she is still living at home 

Where does the maintenance come into play ?

 

[barry1010]

Sorry, I misread this in your OP

"My daughter lives with me and my wife and gives me X amount for her 'keep'"

I read it as

"My daughter lives with me.

My wife gives me money for her keep."

I thought your daughter was a child and you and your wife were living apart, with your wife paying you child maintenance.

Apologies 

[TheWinner]

should it read "my daughter lives with me and my wife"

and gives me x amount for her keep?

or "my daughter lives with me",  (and my wife gives me x amount for her keep).

[Bazile]

My fault - having read it again , I can see that  it could be interpreted differently to what I meant .

In any event , is it correct that the money she gives me is not taxable ?