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summer let income - own home
helprequiredeek
Posts: 1 Newbie
in Cutting tax
To supplement my income I rent out my home for 4 - 6 weeks through summer. I go and stay with family. During this time I do the cleaning, changeovers and gardening.
This property is my only property, can I use the allowance of £4,250 ('15-'16) as in renting out a room allowance as this is still technically my address during this time? It doesn't go under the holiday property letting heading as it's not available for enough proportion of the year.
Does anyone have any knowledge on this please? Thanks.
This property is my only property, can I use the allowance of £4,250 ('15-'16) as in renting out a room allowance as this is still technically my address during this time? It doesn't go under the holiday property letting heading as it's not available for enough proportion of the year.
Does anyone have any knowledge on this please? Thanks.
0
Comments
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I can see where you are coming from, but doubt you can qualify to be running a guest house and thus remain eligible for RAR when you live elsewhere for the period in question and therefore are not performing the cleaning services etc in a part of the property you continue to live in as your home.
the reference to "running a guest house" assumes it is part of the same property you live on/in, but you don't whilst it is let.
https://www.gov.uk/government/publications/rent-a-room-for-traders-hs223-self-assessment-helpsheet/hs223-rent-a-room-scheme-2017
2. When you can’t use the Rent-a-Room Scheme
You can’t use the scheme if the accommodation is:
- not part of your main home when you let it
Therefore you will need to calculate your taxable profits as rent - expenses applicable to the period it was actually let and declare them under the "normal method"0
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