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Rent-a-Room & Lodger Income Calculator

Record lodger income and costs, and see whether Rent-a-Room relief or actual expenses gives the lower tax bill

£20

Secure checkout. Your file is ready in your client portal as soon as payment clears.

Rent-a-Room & Lodger Income Calculator

Overview

If you let furnished accommodation in your own home, you can receive up to £7,500 a year tax-free under the Rent-a-Room scheme (£3,750 each if someone else also receives rent from the same home). If your receipts are higher, you choose between paying tax on receipts above the limit (the alternative method) or on receipts less actual expenses (the normal method). This workbook compares the two.

Price
£20
Who it’s for
Property
Works with
Microsoft Excel for Windows and Mac
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See how it works

A walk through the main sheets

The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.

Step 1

Receipts

Rent and any charges for meals or laundry. What you do: one line per payment.

Receipts
Expenses

Step 2

Expenses

Household costs and the share for the lodger. What you do: one line per cost.

Step 3

Settings

Tax year, limits and your other income. What you do: fill in once.

Settings

Step 4

Who it is for

Made for people like you

  • Example – text
  • Homeowners with a lodger – Pay the least tax allowed on lodger income.
  • Hosts letting a room – Know when you need to file a tax return.
  • Accountants – Compare the two methods for clients quickly.

Quick start

Up and running in minutes

  1. Example – text
  1. Settings – Enter the tax year, whether anyone else shares the income, and your other taxable income.
  2. Receipts – Enter each payment from your lodger, including charges for meals or laundry.
  3. Expenses – Enter household costs and the share that relates to the lodger.
  4. Comparison – See which method gives the lower tax and what you need to do.

Key features

  • Records the rent and any charges for meals, cleaning or laundry you receive from lodgers in your home.
  • Apportions household costs to the lodger and compares the Rent-a-Room scheme (up to £7,500 tax-free) with the normal method using actual expenses.
  • Shows the taxable profit and estimated extra tax for each method and tells you which to use and what to report.

What’s included

  • Comparison – Which method is better
  • Settings – Tax year, limits and your other income
  • Receipts – Rent and charges received
  • Expenses – Household costs and the lodger share
  • Guide – How to use this workbook

How buying works

Your file is only released to your client portal once payment has cleared.

1

Click Buy now

You are taken to our secure checkout.

2

Pay securely

Checkout takes a minute and you get a receipt by email.

3

Download your file

Your file is ready in your client portal as soon as payment clears, and we email you your invoice with a link to the portal.

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