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Tax free income - just a thought

Rent-a-room relief - the basic principle is that an individual may receive rent of up to £4,250 a year tax-free by letting a room in his (or her) private residence. This rent may or may not include additional services such as food, cleaning and laundry.

The relief is available to qualifying individuals (not to companies or partnerships) and applies to the individual’s main residence. 

Comment on this blog in the space provided below, or visit my profile for details of how to contact me. 

Cathy Corns is a Corporate Tax partner at Mercer & Hole.

 

 

Date: 11th May, 2009
Author: Cathy Corns

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