As a tenant can I sublet rooms in the flat I live in?

Dahanne

First at all thank a lot for all the answers, it has been very useful.

Basically the situation is that the money that I get from the rooms is the money that I Pay to the agency for the rent, I do not get any profit from it the only benefit that I have is that I don't pay rent for my room and I only pay the bills.

Would this be consider as a tax-free income?

Thanks

heathcote123

Dahanne wrote: »

First at all thank a lot for all the answers, it has been very useful.

Basically the situation is that the money that I get from the rooms is the money that I Pay to the agency for the rent, I do not get any profit from it the only benefit that I have is that I don't pay rent for my room and I only pay the bills.

Would this be consider as a tax-free income?

Thanks

Best have a look here. http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4017804

if it exceeds 4250 I believe youd have to declare it on your tax return. You may not see getting free accomodation as a profit, but I'm sure the taxman will...

Edit, sorry pinkshoes, serves me right for reading threads back to front...

bris

Dahanne wrote: »

Would this be consider as a tax-free income?

Thanks

No it wouldn't, it doesnt matter what you do with it, the fact you are getting it, is what counts.
If it's over the limit then it must be declared.

G_M

bris wrote: »

No it wouldn't, it doesnt matter what you do with it, the fact you are getting it, is what counts.
If it's over the limit then it must be declared.

But you can claim rent you pay for the property as an expense so you're unlikely to have a tax bill.

Back to your problem:

At the moment the situation in my house is terrible to be honest I am feeling scare of what this people can do,

Get them out. Fast. Forget the 4 week notice. 24 hours. Have a friend round to stay till they've gone. Change the locks.

Similar thread here.

Or here.