Claimable tax when renting out room

gnomio

Member

Join Date: Nov 2011

Posts: 1
#1

Claimable tax when renting out room

04-11-2011, 14:06 PM

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.
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TaxationPete

Senior Member

Join Date: Jan 2007

Posts: 2357
#2

04-11-2011, 14:45 PM

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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Claimable tax when renting out room

Claimable tax when renting out room

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