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Rent a room relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Rent a room relief

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 25, 2017 at 2:43 pm #394034
    Maria
    Participant
    • Topics: 2
    • Replies: 3
    • ☆

    Hi there please keepme right here I came acrossto the question when someone rents two identical rooms cos per year 8050 per room. Is the maximum relief here 7500 or 15000? I think the answer would be 16100-7500=8600 however am stuck if 7500 or 15000 is the allowance?
    Thanks in advance

    June 26, 2017 at 5:32 pm #394139
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Whether you let a room or rooms in your private main residence the exemption limit is £7,500.

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