Renting out a room
3 answers /
Last post: 09/09/2022 at 6:13 am
Has anyone rented out a spare room ?
Mainly , I’d like to know :
How do you know the going rent ? would be a single room , walking distance from station / driveway use too shred use of bathroom and kitchen
How do you get DBS checks ? ( I have 2 kids ) and would only want a female
What are the tax implications ? - if it’s furnished is it different ?
References and deposits ?
Happy to hear good and bad please including Air B and B though would prefer more permanent / long term really
TIA
Tax implications: If you receive less than £7,500 a year, you don't pay tax. If you receive more, you will have to fill in a tax return and pay tax on any amount over that.
If you are renting the room under one of the government schemes such as "Rent a Room" you do not have to guarantee your tenant's deposit.
Tenants will need to apply for a DBS check themselves (you cannot apply on their behalf). If I remember correctly, this would normally be a basic check, rather than an enhanced one.
There is a good guide here that you can download
Letting rooms in your home: a guide for resident landlords - GOV.UK (www.gov.uk)
Tax implications: If you receive less than £7,500 a year, you don't pay tax. If you receive more, you will have to fill in a tax return and pay tax on any amount over that.
If you are renting the room under one of the government schemes such as "Rent a Room" you do not have to guarantee your tenant's deposit.
Tenants will need to apply for a DBS check themselves (you cannot apply on their behalf). If I remember correctly, this would normally be a basic check, rather than an enhanced one.
There is a good guide here that you can download
Letting rooms in your home: a guide for resident landlords - GOV.UK (www.gov.uk)
Many thanks
Extremely helpful - though the dbs (only
basic) could be an issue / concern