Do I need to let the Inland Revenue know that I am taking in a lodger?
Q1. I am taking a lodger in April and the rent will be within the £4,250 allowance. I am on P
On direct.gov.uk it says:
If you don't normally receive a tax return and your receipts are below the tax-free thresholds for the scheme, the tax exemption is automatic so you don't need to do anything.
This year you will start to receive other rental income so you will have to complete the '
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