Will rent-a-room relief impact my planned purchase of a Buy-to-let property?
Question I have lodgers in my only residence and enjoy the Rent a Room Scheme tax-free allowance of £4250. I am in the process of purchasing a Buy to Let property and wonder if this will affect my tax-free allowance when I start to rent out my new investment property.
There is a very short and simple answer to this. The answer is that buying another property will not affect your claim to rent a room scheme in your own property.
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