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New rent-a-room rules coming in the UK (may interest some)

  • 03-08-2015 5:21pm
    #1
    BabySlam
    Closed Accounts Posts: 349 ✭✭


    Increase in Rent-a-room Relief in the UK


    "It was announced that 'rent-a-room' relief would finally increase next year. After 18 years of being at £4,250, it will increase to £7,500.

    Rent-a-room relief allows you to let out furnished accommodation in your home, tax-free, subject to the threshold. The threshold is halved if you share the income with your partner or someone else.

    The relief is open to anyone renting out room (i.e. a room or even an entire floor) in their home; whether they own the property or not.

    It is therefore available to people running bed and breakfasts and guest houses." (Summer Budget 2015)
    Tagged:


Comments

  • #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Mod Note:

    Revenue have already clarified that rent a room is not applicable to B&Bs or Air BnB here so I'm not sure why you think this is relevant. This is an Irish forum, there are similar fora in the UK for discussing their systems.

    Thread closed.


This discussion has been closed.
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