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Renting out a room - paying tax

tabalf · 2016-07-09 14:27:17

Hi, I have a couple of queries about paying tax on rental income. Most of the advice on the internet is a little unclear and so I'd like to ask people's advice on my situation: I rent a furnished room in a house that I own and live in. I understand I have the option of paying tax on the income or using the Rent-a-Room…

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booksurr Posts: 3,700 Forumite

13 July 2016 at 2:46AM edited 13 July 2016 at 8:52AM

tabalf wrote: »

do you agree that in the wear-and-tear allowance, "less any costs you pay that a tenant would usually pay" refers to the same allowable expenses as are claimed normally?

it refers to what it refers to, ie: council tax and all utility bills. You exclude them from the net rent calculation.

take particular note that you cannot duplicate a claim for "maintenance" costs if the item being repaired is in fact something that falls within the W&T definition. In which case you cannot also claim the repair cost as a separate deduction

https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim3210

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Renting out a room - paying tax

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