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Renting a room in a house I lease

richy · 2017-11-17 00:06:29

Hi there, Basically, I live in a house that is owned by my family. I am gonna rent out the spare room. If I have a contract/lease with my father and pay 800 pm for example to him and lease it to someone for 650 per month, what is the situation with tax etc? Will I be classed as earning 650 pm? Or will it be offset against…

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17-11-2017 1:06am

#1

richy

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Hi there,

Basically, I live in a house that is owned by my family. I am gonna rent out the spare room. If I have a contract/lease with my father and pay 800 pm for example to him and lease it to someone for 650 per month, what is the situation with tax etc?

Will I be classed as earning 650 pm? Or will it be offset against the 800 total I pay? Will the housemate be classed as a licencee?

Thanks

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#2 17-11-2017 1:42am
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The 650 will be tax free for you under the rent a room scheme. The person renting the room from you will be a licensee.

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