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Ask the Tutor ACCA TX-UK

rent to a student

Jjosy8711y ago
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
TTTax Tutor11y ago#1
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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