Hello
As part of my business I rent out rooms in my house.
The Rent a Room scheme allows an extra £7500 as well as the personal allowance before tax.
I would like to add this in somehow so that my tax summary report will come up with the correct tax figure.
Is this possible?
Thank you in advance
Jackie
Hi @Jackie1
While there’s no way to adding in additional allowances such as this, you could in theory add a negative value income. Not sure if that would help?
From the tax summary report, click Add an additional source of income:
Enter the details:
This is then added to the report:
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