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Answered in 22 minutes by:
2/20/2010
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 16,712
Experience: Inc Tax, CGT, Corp Tax, IHT, VAT.
VerifiedRent a room relief is limited to your only or main home so it cannot be done with multiple homes.
No problem. Many ask follow up questions. That's the nature of tax.
1 Correct.
2 The restriction on claiming mortgage interest applies to the rent a room property not the one that won't be dealt with under the rent a room rules. If you don't live in the property, then any bills that you pay that would normally be paid by a tenant are deductible. I mentioned the light and heat bills as I thought you would be living in the Scotland property and paying those in which case you could claim a proportion against the rental income. These are bound to be higher if you have a lodger. The same applies to water charges and council tax. If you live in the property, you cannot claim 100% of the bills.
Edited by Tony on 2/20/2010 at 3:54 PM EST
1 Correct.
2 The restriction on claiming mortgage interest applies to the rent a room property not the one that won't be dealt with under the rent a room rules. If you don't live in the property, then any bills that you pay that would normally be paid by a tenant are deductible. I mentioned the light and heat bills as I thought you would be living in the Scotland property and paying those in which case you could claim a proportion against the rental income. These are bound to be higher if you have a lodger. The same applies to water charges and council tax. If you live in the property, you cannot claim 100% of the bills.
Edited by Tony on 2/20/2010 at 3:54 PM EST
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 16,712
Experience: Inc Tax, CGT, Corp Tax, IHT, VAT.
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