I would be grateful if somebody could clarify the following points on the rent-a-room scheme:
1. Is there a ceiling of €7,600?
2. Does this mean that somebody with rental income above this (say €9,500) does not qualify or does it mean that you still qualify for the first €7,600?
3. If you claim rent-a-room does this still qualify as your PPR and therefore allowing you to claim mortgage interest relief etc
Thanks for that... would also help if you could clarify if the €7,600 limit is a gross rental figure i.e. is it possible to net off mortgage int or expenses to make it €7,600?
The rent a room limit is gross ( i.e. before expenses). It was originally £6K (€7,618) . I'm not sure what the current limit is but revenue.ie will have it.