gina-g-spot
LAC
- 14
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Ok so I am due to be posted on promotion which is 175 miles from my home . There's no way I can afford to buy in the new area so I will be keeping my house and travelling back the odd weekend and so will receive GYH(T). However, to keep the house ticking over I am getting a lodger which makes good financial sense. The "Rent a room scheme" allows a homeowner to receive £7,500 tax free and you just pay tax on anything above that. You can opt out and pay tax on the full amount minus mortgage interest, council tax and bills etc but this works out substantially more. I have read in the JSP allowances bible that you cannot claim GYH(T) if you are in the "Rent a room scheme". Is anyone else of the mindset of "what they don't know, cant hurt" or am I playing with fire?Will the RAF know I'm in the scheme automatically (i.e will my tax code change)?
Appreciate any insight to this DT_Xtremez_35:
Appreciate any insight to this DT_Xtremez_35: