Image from Google Jackets

Taxman smiles on lodgers

Language: English Series: 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)Publication details: 1992Subject(s): Summary: 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.

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.