Income Tax (Trading and Other Income) Act 2005 section 788

Meaning of "total rent-a-room amount"

Section 788 defines the "total rent-a-room amount", which is the key figure used to determine what form of rent-a-room relief an individual is entitled to.

• The total rent-a-room amount is the sum of an individual's rent-a-room receipts and any relevant balancing charges for the tax year
• No deductions for expenses or any other matter are allowed when calculating this total
• The level of this amount determines whether the individual qualifies for full rent-a-room relief or must use the alternative method of calculation
• Relevant balancing charges are defined separately in section 802 of the Act