Rent a Room Scheme
(asked on 10th October 2014) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans his Department has to change the tax-free threshold for the Rent a Room scheme.
This question was answered on 16th October 2014
The Rent a Room relief ensures that those who are letting out a room in a main residence for residential purposes can receive up to £4,250 tax free. This is in addition to the personal allowance, which is £10,000 in the current tax year.
There are no plans to change the threshold for the Rent a Room scheme. The Government keeps all reliefs and allowances under review.