Quizzes & Puzzles0 min ago
Tax free rental income
3 Answers
My landlord says that he can't let the seven of us renting rooms in his very large house have locks on our doors. When we ask why not he explained that, if we have locks, it would mean he has to pay tax on the rental income. He used to live at the property but has since bought another flat and moved out a couple of years ago. Does anyone know if this is a scam, or is there a genuine tax break for landlords letting shared houses with no separate locks to each room?
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For more on marking an answer as the "Best Answer", please visit our FAQ.I assume youre referring to the Rent a Room scheme, which gives a tax free income below a certain amount?
From what I know about this, the LL has to be resident and it has to be the LL's family home. Have a look here...
http://www.direct.gov.uk/en/MoneyTaxAndBenefit s/Taxes/TaxOnPropertyAndRentalIncome/DG_401780 4
If this is the scheme youre referring to then I doubt if your LL is eligible.
From what I know about this, the LL has to be resident and it has to be the LL's family home. Have a look here...
http://www.direct.gov.uk/en/MoneyTaxAndBenefit s/Taxes/TaxOnPropertyAndRentalIncome/DG_401780 4
If this is the scheme youre referring to then I doubt if your LL is eligible.