monabri wrote:Mike4 wrote:
This seems a good plan. Especially as I notice single room rents around Reading have shot up to within an ace of the price of a whole studio flat nowadays. Similar might be the case in the OP's area, in which case rent from two tenants in a room each might well add up to what the whole house would fetch as a single rental. Or something along those lines.
After earning so much under the "rent a room" scheme, what do you do about tax on the rest of the income?
Current allowance is £7500 pa - it was less when I did it, but then there were voids, so never exceeded the allowance.
Paul