FAQ, Income - How to model a Rent a Room Scheme (UK)

Question

How do I add income from the Rent a Room Scheme to a client case? 

 

Answer

The tax rules for the Rent a Room Scheme are not built into the software. The way to work round this would be to enter £7500 in Other Income as Non taxable and then add the amount over the £7500 as a separate 'Taxable' other income.