Day 8 – What about Tax and Council tax?

Day 8 - make sure you keep proper records to prevent problems later

Tax One of the nice things about taking in a lodger is that you can earn up to £7,500 (previously £4,250) tax-free under the government’s Rent a room scheme. The main downside is that some allowances, such as the Landlord’s Energy Saving Allowance (under which landlords can claim back the costs of buying and installing energy-saving […]