With the cost of living going up, earning some tax-free income sounds pretty awesome, right? If you have a spare room, you can actually do that by renting it out and using the rent-a-room scheme.
What’s Rent-a-Room?
The rent-a-room scheme lets you earn up to £7,500 tax-free each year by renting out one or more rooms in your home. If you're sharing the inc…
Keep reading with a 7-day free trial
Subscribe to Accounting Journal to keep reading this post and get 7 days of free access to the full post archives.