Property income and Tax Credits

[smiley11]

Can anyone help with this?

I am filling in the Tax Credit forms to report a 'Change in Circumstance' - my partner is moving in with me. He is letting out his flat but is not making a profit. Basically, the rent covers the mortgage on it.

On the form, it asks for 'Income from Property' but doesn't define what this is.

Do we have to put this on the form as an income even though no profit is being made?

Help anyone?

[redman]

Re: Property income and Tax Credits

Income from property is rent but you need to check with HMRC as certain amounts do not have to be declared. (Something like £300)