Taxman smiles on lodgers
Taxman smiles on lodgers
- 1992
- Daily Telegraph 20 June 1992, 22 Inland Revenue Press Release 18 June 1992, 2 HM Treasury Press Release 59/92 18 June 1992, 2(9) .
The Government has announced a `rent a room` scheme as an addition to the Finance Bill, which will allow owner occupiers and tenants to let a room for upto £62.50 per week tax free. Outlines the scheme. Legislation relating to the taxation of income received from letting furnished accommodation has also been amended.
LEASE
LICENCES
LODGERS
OWNER-OCCUPIED
RENT A ROOM SCHEME
TAX FREE
TAX RELIEF
The Government has announced a `rent a room` scheme as an addition to the Finance Bill, which will allow owner occupiers and tenants to let a room for upto £62.50 per week tax free. Outlines the scheme. Legislation relating to the taxation of income received from letting furnished accommodation has also been amended.
LEASE
LICENCES
LODGERS
OWNER-OCCUPIED
RENT A ROOM SCHEME
TAX FREE
TAX RELIEF