section 23, owner occupier, rent a room scheme

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xwave7000

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Im a new member......Quick question. I own a section 23 property. Since last year i rent 2 bedrooms out and live in the third bedroom myself. I have always been an owner occupier and i claim the rural renewal tax relief on my wages every week (i think its worth about €30.00 a week as a tax credit). Am i allowed claim both this and the rent a room scheme??? Should i fill out a form 12???
 
Yes you can. Provided you meet all the terms of the rent a room relief scheme.

The Section 23 will not impeach upon your right to claim the rent a room relief.

 
Cheers for that. What are the main terms of the rent a room scheme? Is the max rent that can be received somewhere in the region of 7K. Should i show all this on a form 12.
 
All relevant info on the rent-a-room scheme is on the Revenue website (and numerous other places). Yes, you show the return on Form 12 (if you are a PAYE worker)
 
Cheers, i checked out that link and it answered my queries. Thanks again.
 
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