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I wonder if they'll go after people on sites like sparerooms as many of them must be going over the limit of the rent a room scheme, or is just traditional landlords ?
Another amnesty? In my experience people need to be VERY careful about HMRC amnesty offers as half the time they aren't much better, if any better at all, than declaring your "mistake" under normal rules.
I wonder if they'll go after people on sites like sparerooms as many of them must be going over the limit of the rent a room scheme, or is just traditional landlords ?
Out of interest, what _are_ the limits of the rent a room scheme?
I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.
Out of interest, what _are_ the limits of the rent a room scheme?
I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.
working in Slough then?
Always forgive your enemies; nothing annoys them so much.
Out of interest, what _are_ the limits of the rent a room scheme?
I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.
£4,250 tax free if you rent out a furnished room in your house, or half that if you share the income with someone else.
If there are costs involved and you make a loss you can just enter it as normal rental income on your tax return instead.
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