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Post Info TOPIC: Rent a room scheme on Self Assessment form
amelia


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Posts: 9
Date:
Rent a room scheme on Self Assessment form
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Hi everyone

I have nearly completed my self assesment form ! but I am stuck in one section.

I rent out my spare room and I have ticked the boxs:

Do you want to 'claim rent a room relief; and 'did you receive rent of 4250 or less'.

Next page asks for 'Rents and other income from Property' which I have filled in as £1020.00). I dont have any expenditure to deduct as am using the rent a room scheme.

The form states my 'Taxable profit for the year is £1020.00 which calculates that I owe them £204.00

I have redone the form, leaving this section blank and not fill in the 'Rents and other income from Property' £1020.00. The tax shown is now calculated as zero

Can I ask then is this correct ?

Kind regards

Amelia

 

 

 

 



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Helz


Senior Member

Status: Offline
Posts: 154
Date:
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Hi Amelia

This is correct. If you look at SA105 (UK property notes) it tells you:

Box 4 If you are claiming Rent a Room relief and your rents are £4,250
or less
If you let a furnished room or rooms in your own home (excluding a room
used exclusively as an office) and your total income was less than the Rent a
Room exemption, £4,250 (or £2,125 if let jointly), put X in the box. Total
income means the rents for the year to 5 April 2011 plus any income from
services you provided. If that is your only letting income that is all you have
to do on the UK property pages.

HTH

Helen

__________________
amelia


Member

Status: Offline
Posts: 9
Date:
Permalink Closed

Hi Helen

Thanks for this, I was a bit weary leaving 'blanks' on this form as I have never done this before (it does not like you putting in 0.00 either!)


Kind regards
Amelia


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