We sort your Self Assessment for you. £119, all in.
Fast, effortless and 100% online.
The Rent a Room Scheme lets you earn up to £7,500 per year tax-free from letting out a part of your own home.
You don’t need to submit a Self Assessment tax return if your rental income is under this limit.
Yes, if:
Simple:
Yes – as long as you live there (at least most of the time), then you can use this allowance for Airbnb as well.
In this case that income it’s tax-free – automatically.
You don’t need to do anything.
HMRC lets you choose between:
In both cases you’ll need to submit a Self Assessment tax return.
What you should know:
You normally can’t claim a loss if you use the Rent a Room scheme.
However, there is a workaround:
Your property may be considered a House in Multiple Occupation (HMO) if you let rooms to more than two people:
Or see our Guides, Calculators or Taxopedia
Fast, effortless and done for you online – the way tax returns should be done. Free to sign up.