Can you switch in and out of rentaroom

Can you switch in and out of rentaroom to save tax

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Client rents out a couple of rooms in his house. Last year he got a better result by apportioning (based on % floorspace and number of days rented out) the house running costs against the rental income This year he is better off setting the 7500 rent a room allowance against the rental income. Is a tax payer allowed to choose from year to year the method to use or do you have to choose one way and stick with it?

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By pjd17mini
09th Jan 2019 08:30

yep

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