National Landlords Association back Raise the Roof
The National Landlords Association have added their support to the Raise the Roof campaign today. The campaign is asking the government to raise the amount homeowners can earn tax free by renting out a spare room under the Rent a Room Scheme from £4,250 a year to £9,000 to encourage people to take in lodgers.
In a press release issued today David Salusbury, Chairman of the NLA said:
There is no way of telling just how many potential ‘live-in’ landlords are not letting out their spare rooms because of the hassle-factor of having to complete a self-assessment tax form. Today we are sending a clear message to the Chancellor: a fair deal for those looking to rent a room by increasing the tax-free threshold will help homeowners and the economy. It is a win-win situation that helps both parties and it is about time the exemption reflected the increase in market rents
Read the full press release on the NLA site.
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