Letting a furnished room in your own home? The Rent a Room scheme lets you earn up to £7,500 a year tax-free. Above that, you're taxed on the excess at your marginal rate.
Enter the rent you receive and your other income to see whether you owe anything.
Up to £7,500 a year from letting a furnished room in your own home (£3,750 each if shared).
You can either pay tax on the amount above £7,500, or be taxed normally on the profit after expenses — whichever is lower.
No. It's only for letting a room in the home you live in, not a separate rental property.
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