Rent a Room relief
Property tax
Individuals can earn up to £7,500 rental income per annum tax free under Rent a Room relief by letting out furnished accommodation in their own home. The £7,500 is rental income, before any expenses are deducted. If the income is below £7,500 for the year, and an individual is not …
Act before the lettings relief rule change
Property tax
Rules for two ancillary reliefs on Capital Gains Tax (CGT) relating to rented residential properties are changing. Changes to final period of property ownership,  and lettings relief will apply to property disposed of from 6 April 2020 onwards. If you are planning to sell a property within the next couple …