Claimable tax when renting out room

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    Claimable tax when renting out room

    Hi
    I am trying to buy a house at the moment with a view to having 2 lodgers. My question is: If I decide to not go with the rent-a-room scheme what counts as deductible tax allowances? Are mortgage payments deductible?
    Thanks.

    #2
    http://www.direct.gov.uk/en/MoneyTax...me/DG_10014027
    Is a good place to start. Remember that many of the costs have to be apportioned by the floor area of the let rooms compared to the total area of the reidential property. Regards Peter

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