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Rent My Room Out – Should You Join The Rent A Room Scheme?

Rent my room out may be something you have searched online numerous times before. You have probably been met with an abundance of information, and it can be a lot to take in. One thing you may have noticed is the Rent a Room scheme. Below, we assess whether it is worth joining this scheme.

Let’s begin with the advantage of joining the Rent a Room Scheme. Of course, the main reason for going down this route is the fact that you can earn £7,500 per year without paying a penny in tax. This sounds great on the surface, but it is not ideal for everyone, and the reason for this is because you cannot claim any expenses relating to the letting. If you have had to spend a considerable amount of money on your property before you can advertise on rent my room websites, it may prove to be more expensive to take part in the scheme. For example, you may have had to replace a broken boiler and you may have spent a lot of repairing wear and tear, so you need to work out what is going to be the most profitable option of you. If you do decide to take part in the Rent a Room scheme, it is still advisable to keep all of your documents. After all, even though you cannot claim expenses right now, if you decide to opt out of the scheme, you will need them at a later date.

If you want to find a roommate, Bellrooms Ltd can assist. Head to our rent my room out website today at https://www.bellrooms.com/. You will see that it is really easy to find the perfect tenant for you. We give all advertisers a fair chance; we don’t promote anyone’s ads. If you have any queries, you can give us a call on 01483 698 677.