rent to a student

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October 28, 2014 at 4:44 pm #206435
josy87
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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
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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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