Rent – a room scheme rules to tighten

You can earn £7,500 tax-free using the rent-a-room scheme currently, if the property is your main residence.

From April next year the rules tighten. You have to have been living there for some or all of the time your tenant is there.

So someone renting out a spare room to a lodger or Airbnb guest can still benefit – but not those renting out their entire home whilst they are away!

For more information and to benefit from expertise in the field of property, taxation and accounting call Winchester Bourne on 01962 715671 or email sarah@winchesterbourne.com

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