Rent a room scheme

yeah why would how many people own the property matter? The idea is to provide more renting accommodation for renters plus you can make a few bob tax free to help pay off your mortgage
 
clipper1981 just explained that s/he misread the following earlier post too literally (in particular the use of the word "individual"):
Berni said:
where an individual rents a room (or rooms) in a “qualifying residence” and the gross rent received, including sums arising for food, laundry or similar goods and services and the income does not exceed €7,620 this income will be exempt from income tax by including it in the individuals tax return.
(Extracted from here [broken link removed] )

So yes, to be properly tax compliant you would need to declare it.
 
easily made mistake clipper to be fair, this site is so great, I just learn something new everyday I dont know how I survived the boredom of work before :D
 
Back
Top