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Nicky cigreen
Joined: 25 Jun 2007 Posts: 9887 Location: Devon, uk
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dpack
Joined: 02 Jul 2005 Posts: 46246 Location: yes
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Mary-Jane
Joined: 13 Jan 2005 Posts: 18397 Location: The Fishing Strumpet is from Ceredigion in West Wales
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Katieowl
Joined: 01 Jun 2006 Posts: 4317 Location: West Wales
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Mary-Jane
Joined: 13 Jan 2005 Posts: 18397 Location: The Fishing Strumpet is from Ceredigion in West Wales
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Pilsbury
Joined: 13 Dec 2004 Posts: 5645 Location: East london/Essex
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Cathryn
Joined: 16 Jul 2005 Posts: 19856 Location: Ceredigion
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Pilsbury
Joined: 13 Dec 2004 Posts: 5645 Location: East london/Essex
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Went
Joined: 19 Mar 2006 Posts: 6968
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Lorrainelovesplants
Joined: 13 Oct 2006 Posts: 6521 Location: Dordogne
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madcat
Joined: 24 May 2008 Posts: 1265 Location: worcester
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stumbling goat
Joined: 20 Jan 2009 Posts: 1990
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Pilsbury
Joined: 13 Dec 2004 Posts: 5645 Location: East london/Essex
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stumbling goat
Joined: 20 Jan 2009 Posts: 1990
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Posted: Sun Jan 27, 13 4:39 pm Post subject: |
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Pilsbury wrote: |
stumbling goat wrote: |
Pilsbury wrote: |
And don't forget if you want to do t under the rent a room scheme you can only charge �81 a week before you need to start declaring It for tax, as you already have accountant that shouldn't be to much trouble but my uncle has just advertised a room for �80 even though the going rate is about �100 but he figures he can pick carefully cos he will have loads of people apply and he doesn't have to worry about te tax stuff. |
But, if you go over this figure can you can not factor in all the extra costs involved to reduce your liability? Council tax, additional electricity, gas and washing powder?
sg |
Have a look at the pdf link Richard posted, I think you can but you still have to go down the route of declaring the income and then submitting pu costs and so on.
If your under �80 a week you just don't have to bother telling anyone about it at all. |
Oh, I understood the situation that you declare ALL income, even where it will be allowed free of tax, and note that it is under the RAR scheme, and it is then taken into account but not counted, if that makes sense?
I had not seen the pdf, I will go look.
sg |
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stumbling goat
Joined: 20 Jan 2009 Posts: 1990
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