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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
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Experience:  International tax
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Income from letting a room Mr A has been renting a room for

Resolved Question:

Income from letting a room
Hi
Mr A has been renting a room for tax year 2010/2011 to date.
Can you please confirm what is the rental amount that Mr A does not need to inform IR about for renting a room for each tax year starting FY10/FY11?
Confirm that rental income from renting a room is non-taxable?
Thanks
Submitted: 1 year ago.
Category: Tax
Expert:  TaxRobin replied 1 year ago.

Hello

I can confirm that letting a room in one's home MAY not be taxable.

In 2010/2011 a person could earn up to £4,250 a year tax-free income (or £2,125 if you're letting jointly). This is known as the Rent a Room scheme. That amount remained through 2014/2015 tax year.

The room or rooms must be in a residential premises that is situated in the State and that is occupied by an individual as his/her sole or main residence during the particular tax year. An individual may live in more than one residence but can only avail of rent-a-room relief in respect of his/her sole or main residence.

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