Rent-a-room scheme
Alternative calculation of profits if amount exceeds limit
Generally
Legislation/Regulatory –
ITTOIA2005 s. 795
Income chargeable
Legislation/Regulatory –
ITTOIA2005 s. 798
Property income
Legislation/Regulatory –
ITTOIA2005 s. 797
Trading income
Legislation/Regulatory –
ITTOIA2005 s. 796
Calculation of profits
Legislation/Regulatory –
ITTOIA2005 s. 309
Elections
Alternative method of calculating profits
Legislation/Regulatory –
ITTOIA2005 s. 800
Not to apply full relief
Legislation/Regulatory –
ITTOIA2005 s. 799
Time limit on adjustment of assessment
Legislation/Regulatory –
ITTOIA2005 s. 801
Exclusive receipts condition
Legislation/Regulatory –
ITTOIA2005 s. 790
Full relief
Generally
Legislation/Regulatory –
ITTOIA2005 s. 791
Income chargeable
Legislation/Regulatory –
ITTOIA2005 s. 794
Property income
Legislation/Regulatory –
ITTOIA2005 s. 793
Trading income
Legislation/Regulatory –
ITTOIA2005 s. 792
Generally
Commentary –
CGT and the Private Residence ¶70-105
Individual's limit
Legislation/Regulatory –
ITTOIA2005 s. 789
HMRC Guidance –
BIM86034
Letting, meaning
Legislation/Regulatory –
ITTOIA2005 s. 802
Property income
Property losses
Commentary –
Ford on Tax Losses 4.3.5
Qualifying individual
Legislation/Regulatory –
ITTOIA2005 s. 785
Relevant allowance, meaning
Legislation/Regulatory –
ITTOIA2005 s. 802
Relevant balancing charge
Legislation/Regulatory –
ITTOIA2005 s. 802
Rent-a-room receipts, meaning
Legislation/Regulatory –
ITTOIA2005 s. 786
Residence, meaning
Legislation/Regulatory –
ITTOIA2005 s. 787
Taxable income, meaning
Legislation/Regulatory –
ITTOIA2005 s. 785(2)
Total rent-a-room amount, meaning
Legislation/Regulatory –
ITTOIA2005 s. 788
Trading income