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Renting out a room - allowable expenses for tax purposes

(3 Posts)
Lizzabadger Sun 13-Oct-13 19:13:40

Really hoping a friendly accountant or landlord can help.

Last year I rented out a room in my house for £6000 rent including bills.

The total cost of bills for the property for the year was £3121.55 and the cost of maintenance was £1164.04.

If I don't use the rent-a-room scheme (£4250 tax free then tax on the rest of the rent) does anyone know what proportion of the cost of bills and maintenance can be offset against the rental income for tax purposes please?

Any guidance very gratefully received.

debtcamel Sun 13-Oct-13 19:45:46

The proportion is the floor area of the lodger's own room(s) divided by the area of the whole house. (ie any common areas are deemed to be yours.)

You might find this book useful reading: www.amazon.co.uk/The-Essential-Guide-Flatsharing-everyone/dp/184528366X

Lizzabadger Sun 13-Oct-13 22:06:01

That's great. Thank you very much, debtcamel.

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