Tuesday, 21 August 2018

DAILY TAX TIP: Rent a Room Scheme.


Rent a Room Scheme.

Rent-a-room relief applies to income from letting out a part of your own home. Income of up to £7,500 is completely exempt from income tax under this scheme.

1 comment:

  1. The Rent a Room Scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home. This is halved if you share the income with your partner or someone else. You can let out as much of your home as you want. chirii londra anunturi