Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on consumers of raising the £7500 threshold on the Rent a Room scheme.

The most recent assessment on the impacts of raising the threshold for Rent a Room relief was carried out in 2015, when the threshold was increased from £4,250 up to its current level of £7,500 per year. The summary of impacts can be found here:

https://www.gov.uk/government/publications/rent-a-room-relief-increase/increasing-rent-a-room-relief.

No further changes to the threshold have been assessed since then.

Ongoing cost estimates of the relief are published annually as part of the Non-Structural Tax Relief statistics release. The most recent release containing information on the Rent a Room scheme was published in December 2021, and can be found here:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1046800/non_structural_cost_estimates_tables_december_2021.ods.