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What is Rent a Room Relief? 

Kimberley Shapcott Property Tax and Accountancy
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What is Rent-a-Room Relief? How can you make use of this allowance? When does it work and when does it not? How could you make it work for you? Are you a guest house or bed and breakfast? Could you utilise this relief?
In this video, you will discover:
What is Rent-a-Room Relief?
Who is it available to?
What is the relief available?
How does it work if you go over the threshold?
How is your tax calculated for over the threshold?
What does not fall within the Rent-a-Room Relief?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
#property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #rentaroom #rentalincome #bedandbreakfast #taxonbandbincome #shapcottsaccountants #believepropertyltd
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26 июл 2024

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Комментарии : 4   
@dorotawypuszcz377
@dorotawypuszcz377 2 месяца назад
What about renting room out on Airbnb ? Only for few months?
@kimberleyshapcottpropertytax
@kimberleyshapcottpropertytax Месяц назад
It will depend how this was done and if they fit the rules as stated on the rent a room relief.
@Dan-si9ok
@Dan-si9ok 4 месяца назад
Might be worth a video on capital gains and residence relief, its a can of worms when you have 2 lodgers or more! :(
@kimberleyshapcottpropertytax
@kimberleyshapcottpropertytax 3 месяца назад
Thanks for the feedback.
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