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How to top up your income

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Last Updated: 06/04/2016  
Tags: How-To-Top-Up-Your-Income

In the budget last year George Osborne announced that there would increased tax benefits for people renting out a room out to lodgers.

From April this year the people renting out a room will be able to earn up to £7,500 tax free, an increase of £3,250 from last year. It’s the first time this threshold has been moved since 1997.

This change in the law has meant that homeowners are starting to view their properties as a means of topping up an income.

If you are looking at buying a house with the potential to rent out some extra space, perhaps on a long term basis or for shorter rentals through sites like Airbnb then Hawes and Co Wimbledon Village has this stunning character property for sale for £2,999,500, which comes with a self contained one bedroom flat, which could let for around £1,400 per month.

Property Features
•• 7 Bedrooms
•• 2 Reception Rooms
•• 3 Bath/Shower Rooms
•• Kitchen Breakfast Room
•• Playroom
•• 1 Bedroom Self-Contained Flat
•• West Facing Garden
•• 1 Single and 1 double garage
•• Off street parking

For more information please either follow the link  or call Hawes and Co on 020 8946 1000