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Where Taxpayers and Advisers Meet

Rent and Subletting

smiling
Posts: 9
Joined: Mon May 11, 2009 9:16 am

Rent and Subletting

Postby smiling » Mon May 11, 2009 9:23 am

Good morning,

I'm currently renting from a Landlord half of an apartment jointly with another tenant with 2 separate contracts with Landlord. Landlord offered the possibility to rent the apartment in its entirety to me and than I can subrent part of it to another person. My question is: would I be tax liable on the amount I receive, or it should be enough to demonstrate that that money goes straight back to landlord.

In practice saying that apartment in full cost 100, either I pay 50 and other half 50 directly to landlord or I pay 100 to landlord and receive on my account 50 from other tenant. Does it create any trouble under taxation point of view?

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