Hi,
I want to rent out the side of my house which has been converted to a bedsit. A guy who is receiving Rent Supplement contacted me to say he would like to take the bedsit but as I am new to this I want to ensure Im not doing anything which may affect the first time buyer relief which I claimed...I was told that I cant rent out the house for the first two years or else the stamp duty relief would be clawed back..Im not renting out the whole house, I am still living there - its just the converted bedsit which I intend to let.
I know abt the rent a room relief but does that apply only to a room in the main house or would it apply to the bedsit also??
Any advice would be much appreciated.
Many thanks,
Jessica