Hi there
I am looking to rent our three of my rooms. I was wondering how I go about this regards to self assessment of 3 rooms or do I do 1 as Rent a Room and other two as self assessment. Also, as a landlord of a house not living in I know you can offset things like water, Council tax etc. Could I do this with people in my home if I didn't do the Rent a room if so how does that work 1/4 per tenant over all bills and interest on mortgage.
I've researched HMRC and can only see what you can do for renting one room. I'm confused. any help would be greatly received.
Jo
I am looking to rent our three of my rooms. I was wondering how I go about this regards to self assessment of 3 rooms or do I do 1 as Rent a Room and other two as self assessment. Also, as a landlord of a house not living in I know you can offset things like water, Council tax etc. Could I do this with people in my home if I didn't do the Rent a room if so how does that work 1/4 per tenant over all bills and interest on mortgage.
I've researched HMRC and can only see what you can do for renting one room. I'm confused. any help would be greatly received.
Jo