As it's a few years since I practised income tax so please bear with me!
Q: If a PAYE worker rents accommodation and also has a house/flat that he/she owns and receives rental income from it, can any part of rent paid be offset against the rental income? They previously did live there but I doubt that's relevant now. My memory tells me no and that they can only claim rent paid tax credit against rent paid and must treat the rental income as normal less the obvious deductions. Am I correct? Thanks in advance.
Q: If a PAYE worker rents accommodation and also has a house/flat that he/she owns and receives rental income from it, can any part of rent paid be offset against the rental income? They previously did live there but I doubt that's relevant now. My memory tells me no and that they can only claim rent paid tax credit against rent paid and must treat the rental income as normal less the obvious deductions. Am I correct? Thanks in advance.