{"id":233,"date":"2014-11-03T00:00:00","date_gmt":"2014-11-03T00:00:00","guid":{"rendered":"http:\/\/slacc.wpengine.com\/index.php\/rent-a-room-relief\/"},"modified":"2014-11-03T00:00:00","modified_gmt":"2014-11-03T00:00:00","slug":"rent-a-room-relief","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/rent-a-room-relief\/","title":{"rendered":"Rent-a-room relief"},"content":{"rendered":"<p>\n\tIf you let a room or rooms in your main home you will not pay any tax on rents received as long as the gross receipts do not exceed &pound;4,250 in a tax year.<\/p>\n<p>\n\tThis relief extends to owner occupiers and tenants who receive rent from letting furnished accommodation in their home.<\/p>\n<p>\n\tIf your gross receipts are more than &pound;4,250 you can choose between paying tax on:<\/p>\n<ul>\n<li>\n\t\tYour actual profit &#8211; gross rents minus actual expenses and in certain cases capital allowances, or<\/li>\n<li>\n\t\tYour gross receipts (and any balancing charges) minus &pound;4,250; with no deduction for actual expenses or capital allowances.<\/li>\n<\/ul>\n<p>\n\tRent-a-room relief applies to a tax year and the limit of &pound;4,250 is reduced to &pound;2,125 if during the basis period someone else also received income from letting accommodation in the same property.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>If you let a room or rooms in your main home you will not pay any tax on rents received as long as the gross receipts do not exceed &pound;4,250 in a tax year. This relief extends to owner occupiers and tenants who receive rent from letting furnished accommodation in their home. If your gross [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=233"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/233\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}