Rent a room relief

Last updated 5 January 2020

If you rent out a room in your home (or even the entire property), then the good news is that HMRC give you up to £7,500 income tax relief under the appropriately named Rent a Room Scheme. Note that it's halved to £3,750 if someone else gets income from the property.

This includes if you are renting it out to a long term lodger, via platforms such as Airbnb or even if you're running a guest house.

In untied, you can indicate that you're renting out a room in your home (or your own home) by navigating to Profile > Income > Property.

See HMRC's guidance for more information.

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