I used it myself to contribute towards my application for a mortgage and to be taken into account when switching mortgage products.Rent-a-room was an FF policy where the main goal was to assist people to get bigger mortgages, and politically they wanted it as easy as possible for people use.
The difference was that some people were putting it down having no intention of renting a room. You can't blame that on the scheme itself - that's down to the foolishness of those people.
Well, that was my comment - and if we all agree instead that we have to be rigid about it, then fine. I guess that comment was made on the basis that you would take into account the positives of that scheme as a whole. In a country which I find inefficient in so many ways in comparison with our continental neighbours, it's great to see an example of a clever initiative that encourages more efficient use of housing stock.....particularly so when you consider the lack of housing in the Dublin area at present.There's no other income taxed the same way, it's easy to see how an initally correct use of rent-a-room could morph into tax evasion. Even the comment about "is it such a loss to the state if that figure [10,000] is exceeded slightly" shows how easy it is to be relaxed about it
Didn't realise that - I had always submitted a return for rent-a-room income alone.Without the need for declaration, Revenue have no idea what's going on in rent-a-room
They had exactly such a measure in place - the tax credit system for tenants - which bizarrely they removed a couple of years ago.Revenue have no idea what's going on in rent-a-room and they have next to zero chance of detecting problems even if they get tip offs.