Self assessement questions

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    Self assessement questions

    I'm just doing my wife and my self assessment.

    We own a property together in the a 90/10 % split.

    The first question online is whether my income from property is greater than £1000.

    No.

    I've itemized all costs and interest etc on a spreadsheet and allocated 90% of them to my wife.

    that seems fair to the tax man.

    We also had a lodger in main residence for a few months and my share of that would be 50% and would be less than the £3750 allowed by the rent a room scheme.

    but I can't work out how I opt in to the scheme.


    #2
    The lodger allowance is £7500 p.a and not required to report in tax return.

    Comment


      #3
      It's 3750 each, if the house is jointly owned.

      I've just read the gov.uk guidance, and I'd misread it before.

      right I'll ignore it.

      Comment

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