Rent a Room scheme – how it works and tax rules!

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Rent a Room scheme – how it works and tax rules! - Vida Plan

by Michaela Torrance on September 2, 2018 with No Comments

If you’re looking for ways to improve your bank balance, one option is to rent out your spare room. By signing up to the Rent a Room scheme, not only do you enjoy the extra income from the rent, but also up to £7,500 a year is free from tax.

Check out the article from the Money Advice Service

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If you’re looking for ways to improve your bank balance, one option is to rent out your spare room. By signing up to the Rent a Room scheme, not only do you enjoy the extra income from the rent, but also up to £7,500 a year is free from tax.

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