02083871590 office@eljayandco.co.uk

Rent a room

The Rent a Room scheme has special rules that apply when you let furnished residential accommodation in your only or main home. The scheme allows you to receive the first £4,250 of gross income to be free of tax. Expenses cannot be deducted when arriving at this income figure.

Principal Private Residence relief is not affected by the Rent a Room scheme.

Want to know more about the Rent a Room scheme contact us.

quickbooks logo