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Lodgers? Hidden costs?
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If you already have a lodger or are thinking about letting furnished rooms in your home, you can receive up to £4,250 a year tax-free
from the link I provided - who pays more than £450 a month for a ROOM anyway???:cool: DFW Nerd Club member 023...DFD 9.2.2007 :cool::heartpuls married 21 6 08 :A Angel babies' birth dates 3.10.08 * 4.3.11 * 11.11.11 * 17.3.12 * 2.7.12 :heart2: My live baby's birth date 22 7 09 :heart2: I'm due another baby at the end of July 2014! :j
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And it sounds like there's more than one of them in the room.....0
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oo-er!!! I say...ding dong!!! lol:cool: DFW Nerd Club member 023...DFD 9.2.2007 :cool::heartpuls married 21 6 08 :A Angel babies' birth dates 3.10.08 * 4.3.11 * 11.11.11 * 17.3.12 * 2.7.12 :heart2: My live baby's birth date 22 7 09 :heart2: I'm due another baby at the end of July 2014! :j
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What? Bunkbeds?
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how have you worked it with your contents insurance? i have lodgers and only seem able to find REALLY expensive policies!
Dec 2005 £8,500
April 2007 £0
Paid Off Since Lightbulb Moment £8,500
Debt Free Date: APRIL 16 2007
:j :j :j :j :j :j :j :j0 -
jesster wrote:how have you worked it with your contents insurance? i have lodgers and only seem able to find REALLY expensive policies!
I discussed it with my broker in the first instance, saying I could only get a policy if they covered me having a lodger. Im with the CIS, theres no problem with it with them and i had that from a face to face rep, and of course its in writing! ( 23 quid a month for 35k cover):beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Think all the main points have been covered.
Best thing is the extra money
Ive had some great ones over the years and also a couple of truly auful ones which does put you off a bit.
Havent had anyone for a while, maybe it is time to think of having another occupant in the spare room.sigh!I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.0 -
exil wrote:Only if you register with the scheme. And there's a limit (80-ish a week - which is less than 450 a month).
Does not seem you have to register according to this bit.
If you want to opt in
* if you don't normally receive a tax return and your receipts are below the tax-free thresholds for the scheme, the tax exemption is automatic so you don't need to do anything
So looks like you have to do nothing if you are charging no more than £4,250. Apart form keep records just in case.
Yours
CalleyHope for everything and expect nothing!!!
Good enough is almost always good enough -Prof Barry Schwartz
If it scares you, it might be a good thing to try -Seth Godin0
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