P
paul_m
Guest
Myself and my partner moved into a new house we bought in August 2000,
rented it out in 2004 up until August 2005 under the rent a room scheme
where we lived there also.
After August 2005 , we moved to a new property we bought and rented
out the original property. As you know, particpating in the rent a room scheme, means you are not liable for stamp duty clawback.
However, I'm wondering if its legitimate to put down that you
earned 6,400 from the rent a room scheme and 2,400 from normal
rental return in the same tax year (2005) and on the same property.
If so, do you scale back the 7,620Euro allowance for rent a room
scheme since we were not participating in that scheme for the whole
year ?
If you cannot then how would you go about doing a return in such a
circumstance to avoid stamp duty clawback?
I'd greatly appreciate any advise on this since matter.
rented it out in 2004 up until August 2005 under the rent a room scheme
where we lived there also.
After August 2005 , we moved to a new property we bought and rented
out the original property. As you know, particpating in the rent a room scheme, means you are not liable for stamp duty clawback.
However, I'm wondering if its legitimate to put down that you
earned 6,400 from the rent a room scheme and 2,400 from normal
rental return in the same tax year (2005) and on the same property.
If so, do you scale back the 7,620Euro allowance for rent a room
scheme since we were not participating in that scheme for the whole
year ?
If you cannot then how would you go about doing a return in such a
circumstance to avoid stamp duty clawback?
I'd greatly appreciate any advise on this since matter.