Is it possible to get Rent a Room relief for the income received from property in Portugal? Or does this have to go in as Furnished Holiday let?
Tax payer is in UK obviously and Portugal tax and everything else is sorted there.
Thanks in advance.
Replies (11)
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Rent a room ?
Some further detail on how that legislation might apply will be necessary.
What are the arrangements ? Where is the owner of the property whilst this room renting is going on ?
You might save us time and yourself embarrassment if you looked up the rules. Best place to start is s309 of ITTOIA.
Yes, struggling to see how this could be renting a room in the owner's main residence if the owner is in the UK.
In any case, I believe the legislation limits the relief to UK properties (ITTOIA 2005, s786(1).
I think the OP should read the rest of the (R-a-R) legislation too. I'm not disagreeing with you; more that the question indicates to me a risk that other mistakes may be being made - your first sentence explains.
I agree with you Tax Dragon.....and perhaps also a read of Chapter 6 as well before going down the FHL route.....
Some things really don't get put to a vote. Or, at least, not one where more than 650 people actually have a vote.