Property and Landlords – 4 considerations

Puzzle of a house

1. Do you qualify for the Rent a Room Scheme? Thanks to sites such as AirBnB, more people are renting out spare space in their home. You can now earn up to £7,500 per year tax-free from renting out a spare room in the property you live in (£3,250 each if jointly owned). 2. Previously undeclared rental income? HMRC is ...

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