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
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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