“A husband and wife live together in their main residence. The property is owned fully by the husband. The client rents out a spare room in the property.
“Would the rent-a-room relief only be allocated to the husband as it is in his name? Or could it be allocated 50/50 as they live together and pay the bills jointly and deal with the renting room out jointly?”
Is it a straightforward question with a straightforward answer, or is there more to this query than first meets the eye? Good and Mooney ran through the responses on Any Answers and provided their opinions on the matter. Their answers start at 0.14 on the video below.
“So client can’t drive for six months. Other than cancelling the lease how else can it be made unavailable in the eyes of HMRC?”
Presumably, the questioner wishes to make the car unavailable so they don’t have to pay the benefit in kind (BiK) on it, but the BiK is only charged when the car is made available.
From 3.52 in the video, Good and Mooney assess the various solutions suggested by AccountingWEB readers for this vehicle-based predicament, including completing a SORN and removing the car’s spark plugs…
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