My OH's has had his lightbulb moment - I am not on my own anymore!!!

meerkat2007

I've not read anywhere about the government giving a grant for renting out a room to a lodger, but I do seem to recall that you can rent out a room for something around £4k per year, and you don't have to pay tax on it.

I'm sure someone who knows more about this will come up with accurate information for you.

bathgatebuyer

It must be a big relief when a partner comes round to your way of thinking!

In previous years, I've taken in a lodger and after a few doubts from members of my family at first ("They'll only steal all your stuff" was one helpful comment!) I shared with a really nice young guy who was away from home for the first time. Didn't drink, didn't smoke, and just wanted to watch DVDs all the time. Perfect!!! The extra income for the room was £300 per month and because he was a student there was no change to my council tax single person's discount. Thinking about doing the same again as it was the easiest money I've ever earned.

dopolous

Hi all,
Does anybody know or have successfully claimed back interest on refunds from the council?
Thanks to this site, it looks like my banding will be going down from F to E saving about £300 per year and this will be backdated 10 YEARS!!!! I was wondering if I can claim interest off the council as they had my money for all of that time?

I must add, having only seen this site as my father-in-law bought me Martins book, it really shows what companies and organisations have been getting away with all of these years!!

Keep up the good work everyone and good luck to you all!!!

Dumb_Blonde_3

The Panda Paws challenge is under the title - can cook - will cook ....

Oh and by the way you are doing great - my husband is refusing to have our second lightbulb moment - I've had it about a month ago - he just won't deal with it - he thinks I am being a meanie when I say we can't afford things.

I'm dreading christmas to be honest as he will want to splash out on everyone and I am more realistic - little gifts - home made cakes from our 2 year old and that sort of thing - we are trying to another baby so really want to be free and clear of debt before another mouth to feed comes along (so to speak)

RAS

meerkat2007 wrote: »

I've not read anywhere about the government giving a grant for renting out a room to a lodger, but I do seem to recall that you can rent out a room for something around £4k per year, and you don't have to pay tax on it.

I'm sure someone who knows more about this will come up with accurate information for you.

Hi

Do not know the exact tax free allowance but it is over £4500 for lodgers. Done to encourage better use of housing I think?

reesla

Really unexpected, but my work have given me a pay rise of £1600 per annum! :j

Apparently it is to reward me for the hard work that I have done so far this year and they are backdating it to the 1st October!! :j :j

I am really, really chuffed!

RAS

Hi

That is really great news. help yourself and other will help you as well (even the boss).

I do wonder somethings whether people who are weighed down with debt and firefighting all the time come across less well at work? less sleep, more worry, distractions and generally feeling low makes it harder to present well at work.

So when someone takes charge of their debts and starts to feel more positive, they present better at work and are more likely to be appreciated?

miss_corerupted

it's called rent a room scheme Rent a room. u can earn £4250 tax free which i think was almost £80

miss_corerupted

not sure if managed to the link properly http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4017804