House as location for filming TV show

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sjoh0961
sjoh0961 Posts: 82 Forumite
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in Boost your income
Hi all. 
Sorry if there’s a thread for this. I can’t find anything recent. 
We’ve got an offer of a reasonable amount of money to use our house. They’ll also put us up in rented accommodation for the period. They have indemnity insurance for anything third party. Their contract undertakes to return the house to the original condition or better. 
My main question is if anyone knows the tax implications and how I should/could deal with them. 
If anyone knows anything else about the process, would also appreciate advice. 
Thanks!

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  • oldernonethewiser
    oldernonethewiser Posts: 1,775 Forumite
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    It would be potentially subeject to tax just like any other income.

    For me it would need to be a lot more than "a reasonable amount of money" before I considered it.
    Things that are differerent: draw & drawer, brought & bought, loose & lose, dose & does, payed & paid


  • Keep_pedalling
    Keep_pedalling Posts: 16,645 Forumite
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    As long as it is not a remake of the Young Ones sounds a cool thing to do. 😎
  • TimSynths
    TimSynths Posts: 603 Forumite
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    Keep_pedalling said:
    As long as it is not a remake of the Young Ones sounds a cool thing to do. 😎
    Ohh- have we got a video?
  • Keep_pedalling
    Keep_pedalling Posts: 16,645 Forumite
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    TimSynths said:
    Keep_pedalling said:
    As long as it is not a remake of the Young Ones sounds a cool thing to do. 😎
    Ohh- have we got a video?
    https://www.youtube.com/watch?v=F4dt4ThrdQc
  • sjoh0961
    sjoh0961 Posts: 82 Forumite
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    oldernonethewiser said:
    It would be potentially subeject to tax just like any other income.

    For me it would need to be a lot more than "a reasonable amount of money" before I considered it.
    Ok, thanks, but it’s not ‘any other income’, I think, which is why I asked. It’s a one-off payment of income from property (I think), which is definitely a different category. Or maybe it counts as rental income? And I’m trying to work out what I have to do about it. 

    Plus, it’s 16k which, with or without tax, is quite a lot for us…

    any ideas?
  • baser999
    baser999 Posts: 1,135 Forumite
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    Certainly taxable - whether it’s treated as rental or trading is debatable. 
  • dave2319
    dave2319 Posts: 544 Forumite
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    Even though there's a very old thread about this which was also posted in this Boost Your Income area (but doesn't mention anything about tax) it might be best to ask here, on the board for tax queries.
  • lincroft1710
    lincroft1710 Posts: 17,649 Forumite
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    It would be a form of rental income as you would be letting out your home for commercial purposes.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • subjecttocontract
    subjecttocontract Posts: 1,901 Forumite
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    Would you need to get the permission of......your mortgage lenders &/or insurers ?
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