Income tax – deductibility of expenditure – renting to flatmates

This Question We’ve Been Asked explains the extent to which a person can claim deductions for expenditure incurred in deriving rental income, where the person rents a room in their home to a flatmate.

It considers the possible application of the interest limitation, residential ring-fencing and mixed-use asset rules.

If you would like a copy of this in Word, contact us using the feedback button below.