Tag Archives: renting

The £1,000 Allowances – What are they?

The area of tax is full of reliefs and allowances.  Knowing what these are allows you to plan your tax affairs and reduce the tax you need to pay.  One such allowance is what we refer to as the £1,000 allowance.  Actually there are two areas where you are entitled to a £1,000 allowance so […]

What is Rent a Room Relief

rent a room

Rent a Room scheme was introduced twenty years ago and still remains a very useful relief when you share your home with tenants. The move was initially made to encourage you as taxpayers to share your spare space. Twenty years on we still have a housing crisis, so the relief remains relevant. So, what is […]