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Tax credits and taking in a lodger
lorriedriver1988
Posts: 220 Forumite
Hi,
I am seeking some advice on how my tax credits could be effected if I take in a lodger. My husband and myself both work part-time. Our income is topped up by working and child tax credits. I am considering taking on a lodger to help make overpayments on our mortgage. But I am wondering how it will effect our tax credits.
Can anyone offer any advice to how the tax credits might be effected?
I am seeking some advice on how my tax credits could be effected if I take in a lodger. My husband and myself both work part-time. Our income is topped up by working and child tax credits. I am considering taking on a lodger to help make overpayments on our mortgage. But I am wondering how it will effect our tax credits.
Can anyone offer any advice to how the tax credits might be effected?
Savings for H2B Loan Annual £10, 774.65/£40,000Emergency Fund: £0/£1000 Car Maintenance Fund £0/£900
Mortgage:October. 2013: £87,264 Sept ‘19 £72,812.65
Mortgage:October. 2013: £87,264 Sept ‘19 £72,812.65
0
Comments
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blondebubbles wrote: »It won't affect your claim as long as it comes under the rent a room scheme which means the rent you receive is less than £4250 a year.
Link for you (scroll down to 4 - Income and Capital)
http://www.hmrc.gov.uk/leaflets/wtc2.pdf0
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