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rent to a student

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › rent to a student

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.
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  • October 28, 2014 at 4:44 pm #206435
    josy87
    Member
    • Topics: 172
    • Replies: 215
    • ☆☆☆

    Sir,
    Please if a taxpayer rented out a room of his house to a student, concerning tax liability, could it be taxable or not?
    thanks

    November 3, 2014 at 11:43 am #207378
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Yes any such rental income is taxable subject to the rent a room relief applying – see chapter 3 section 4 OT course notes

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