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bigduckontax, Accountant
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. If I am renting a flat which is part of my house how

Customer Question

Hello. If I am renting a flat which is part of my house how would this be considered under
the Rent a Room scheme? Thank you Richard
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello Richard, I'm Keith and happy to help you with your question.
The Rent a Room scheme is actually quite flexible. Here is the Gov UK's preamble on the subject:
'The Rent a Room Scheme lets you earn up to a threshold of £4,250 per year tax-free from letting out furnished accommodation in your home. This is halved if you share the income with your partner or someone else.
You can let out a room or an entire floor.'
You can read the full chapter and verse here:
https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme
Providing you do not breach the GBP 4.250K rental limit your proposal would fall within the scheme's parameters.
I do hope I have been able to put your mind at rest on this matter.
bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 2 years ago.
Thank you for your support.

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