During the first half of the year I rented out a room in my property however in the second half I decided to let the whole house through an estate agent and had a different tenant. Do I treat the 2 classes of rent as separate income/rental activites, ie reporting income for Rent a room scheme and claiming the relief and having a separate entry for Full rent scheme where I report all the income for this and deduct all the expenses even though its for the same property. If I use rent a room schem for the whole year then the second half of the year doesnt qualify as the whole house was rented, furthermore I would be unable to claim the expenses such as interest payments under this scheme, and if I treat the whole year as FULL let, then I wouldnt benefit from the rent a room relief.
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Ask yourself - in the 2nd half of the year are you actually allowed to claim rent a room relief?
The question is confused - but not on that point.
However, without numbers, no one can provide correct advice. Any advice provided in the absence of numbers can only be generic - here there is a specific situation with a specific answer; generic advice may not help. A professional that provides specific, helpful and above all correct advice deserves to be paid for it. A non-professional that takes free advice off a forum like this could end up paying more than had they sought paid-for advice.
[quote=Tax Dragon]
The question is confused - but not on that point.
Ah yes, I made an assumption on a point that was not mentioned!
You can claim rent a room or you can apply the income less expenses but you can't split it as far as I know. Happy to be corrected though.
see PIM4010