Rent a Room Scheme: What It is and How It Works

News & Updates
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Originally published at: Rent a Room Scheme: What It is and How It Works | OpenRent Landlord Hub

The Rent a Room scheme is available to homeowners or tenants in the UK who let a furnished room in their main home to a lodger. You can earn up to £7,500 a year tax-free, or £3,750 if you share the income with someone else, like a partner or joint owner. You don’t need to…

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A good idea unless you share with somone you do not get on with. Then that would be very awkward

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The UK govt rent a room scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished rooms in your home. This is an excellent opportunity to get some extra income.

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