Rental income differs with rental agreement.

Dear Sirs, We are landlord and we signed a rental agreement with the tenants for the rent of 1550£ per month. We are getting paid 1400£ by the housing benefits(directly to landlord). We never receive the remaining rent of 150£ per month from the tenants. Our question is - do we need to declare 1550£(as stated on the rental agreement) or 1400£( actually received rent) on the self assessment return? Thank you, .

Name removed admin .

Hi
Thank you for your question.  You would need to declare the actual rents recieved which would be £1400 pm.