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Tax Return - changed from rent a room to live 'out' landlord
doni
Posts: 67 Forumite
For the last tax return year I was live-in landlord for the first half then part move way through I moved out renting out the whole property.
Do I file 2 tax returns - 1 under rent a room scheme and the other outright rented property. Or can this situation be covered under the one return.
Any help or pointing in the right direction much appreciated
Do I file 2 tax returns - 1 under rent a room scheme and the other outright rented property. Or can this situation be covered under the one return.
Any help or pointing in the right direction much appreciated
0
Comments
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Can anyone help?0
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You should restrict the 4,250 rent a room relief to the proportion of the year you were renting a room, if applicable. Note that when you are claiming rent a room relief it is simply an option - you can choose to account for the room under normal rental property rules if this is better for you. I have clients who benefit from the rent a room option and others who'd be worse off using it.Hideous Muddles from Right Charlies0
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