The Government Rent a Room scheme offers some tax advantages as the income from renting a room is free of tax. (subject to a maximum limit and certain restrictions which include the inability to claim expenses incurred).
I have included a link to The Government guidance on the Rent a Room Scheme in the links section below.
If you rent a room in your house you can choose whether or not to opt in to the scheme. Your income, your personal tax rate and the expenses you can claim will all play a part in calculating if opting in to the scheme is a tax efficient.
Press Articles on the Rent a Room Scheme
Links to Rent a Room Scheme comment and articles are listed below. Please click on the Article Links tab to visit and read more.
(Click on Article Links Tab below for links to the featured pages above.
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