Rent a Room Scheme

Part of Treasury – in the House of Commons on 24th March 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

As my hon. Friend will know, Rent a Room relief has been a feature of the income tax system since 1992. In 2016, the Government raised the threshold to £7,500. That was designed to deliver the Government’s objective of supporting individuals’ living standards and freeing up space in the housing market. It also reduces and simplifies the tax administrative burden for those affected and has taken some taxpayers out of self-assessment entirely.