URL for 'rent a room' scheme?


T

Tumbleweed

Can someone please point me at a URL for the govt 'rent a room' scheme, and
does anyone know if this can apply to a renter who sublets a room?
 
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C

Colin Wilson

Can someone please point me at a URL for the govt 'rent a room' scheme, and
does anyone know if this can apply to a renter who sublets a room?
Were there any clauses in their tenancy agreement to say they were not
allowed to sub-let ?

IANAL, but they're not _your_ rent-a-roomer, they're the tenants'
responsibility.
 
T

Tumbleweed

Colin Wilson said:
Were there any clauses in their tenancy agreement to say they were not
allowed to sub-let ?
well, for the sake of argument, lets say there arent.
IANAL, but they're not _your_ rent-a-roomer, they're the tenants'
responsibility.
Yes thats understood.
 
C

Colin Wilson

Were there any clauses in their tenancy agreement to say they were not
well, for the sake of argument, lets say there arent.
Yes thats understood.
So... once "your" tenant has been given notice to quit or whatever, it's
down to him to explain to his "additional income" (I wonder if that was
declared - might be a good way of arm twisting if they want to get
arsey)
 
T

Tumbleweed

Colin Wilson said:
So... once "your" tenant has been given notice to quit or whatever, it's
down to him to explain to his "additional income" (I wonder if that was
declared - might be a good way of arm twisting if they want to get
arsey)
whats the 'original' tenants income got to do with it? Esp AIUI below a
certain level ?£4k? you dont have to declare it.

I take it you dont know the url...back to google.
 
R

Ronald Raygun

Colin said:
IANAL, but they're not _your_ rent-a-roomer, they're the tenants'
responsibility.
It doesn't make sense for anyone to ask the question other than
a tenant who sublets. Accordingly, in the absence of additional
information, one should assume that Tumbleweed *is* the tenant in
question, or asking on such a tenant's behalf.

But yes, it applies both to owner-occupiers and to tenants who sublet.

http://www.hmrc.gov.uk/individuals/tmarent-a-room-scheme.shtml

In a nutshell, if you receive rent from a lodger, the profit element
of this is taxable. Often the income involves very little profit
if any, for example if you are taking a lodger to help pay your
own rent or mortgage interest. The R-a-R scheme allows you dispense
with the hassle of keeping full rental accounts and deducting
expenses from income, working out profit, etc. If the *gross*
rental income is below £4250pa, it may be disregarded and is tax-free.

If it exceeds this level, you then need to account explicitly for any
expenses you wish to deduct, in exactly the same way as if you were
renting out a whole dwelling.
 
T

Tumbleweed

Ronald Raygun said:
It doesn't make sense for anyone to ask the question other than
a tenant who sublets. Accordingly, in the absence of additional
information, one should assume that Tumbleweed *is* the tenant in
question, or asking on such a tenant's behalf.

But yes, it applies both to owner-occupiers and to tenants who sublet.

http://www.hmrc.gov.uk/individuals/tmarent-a-room-scheme.shtml

In a nutshell, if you receive rent from a lodger, the profit element
of this is taxable. Often the income involves very little profit
if any, for example if you are taking a lodger to help pay your
own rent or mortgage interest. The R-a-R scheme allows you dispense
with the hassle of keeping full rental accounts and deducting
expenses from income, working out profit, etc. If the *gross*
rental income is below £4250pa, it may be disregarded and is tax-free.

If it exceeds this level, you then need to account explicitly for any
expenses you wish to deduct, in exactly the same way as if you were
renting out a whole dwelling.
Thanks Ronald
 
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