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Rent-a-Room Scheme

The Rent a Room Scheme allows owner occupiers and tenants to receive tax-free rental income if you provide furnished accommodation in your only or main home. Our Residential Property Taxperts have put together a factsheet to discuss what the limit is, and what happens if it is exceeded.

Should you need further assistance, please contact our Residential Property Taxperts.

Latest News

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March 15, 2024

Final opportunity – Urgent planning deadline for the transition to the ‘tax year basis’

Speed read Any individual who is a sole trader or partner in a trading or professional partnership will be taxed under the new ‘tax year basis’, which means…

February 29, 2024

Tax Planning Tips Ahead Of The New Tax Year

With the end of the financial year drawing close, now is the time to evaluate your tax position for the year to 5 April 2024 to ensure that…

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