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As a tenant, do you need to register for tax?
Comments
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OP has claimed benefits, is going overseas, and wants to rent his property to his sister on benefits.
https://forums.moneysavingexpert.com/discussion/2893084
Not only do you pay tax on the income, regardless of your lack of other earned income, you also potentially expose yourself to Capital Gains tax.
The following site provides a basic overview and provides a link to the HMRC manual
http://www.landlordzone.co.uk/FAQ/index.php?action=artikel&artlang=en&cat=5&id=24
http://www.hmrc.gov.uk/cnr/nr_landlords.htm0 -
So he's a LANDLORD!! Hope, for his sake, he's better with his taxes than he is with terminology
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