A short Blog post by Getdigs.co.uk
Earn extra cash tax-free with this simple side hustle.
Your spare room could be making you £7,500 a year—here’s the scheme no one talks about. Earn extra cash tax-free with this simple side hustle.
Everyone knows that in this country things are tight when it comes to finance and with the impending US tariffs things are going to get much more difficult for your average family in the UK.
So, you can do two things 1) sit around and moan about it or 2) do something about it – do something about your situation!! I know which one I would pick.
The solution to this problem could be staring you right in the face and most people don’t even know the technicalities of it. If you live in a 3-bedroomed semi – or any other type of house – just walk to the top of the stairs and open your spare room. What is it doing for you? Gathering dust I bet, used as a dumping ground for items that you might ‘use again’, essentially a storage room.
But did you know that your spare room could be a potential gold mine? UK homeowners are making tax-free money from their spare rooms—most UK homeowners don’t even know that the UK Governments Rent a Room Scheme exists. Put simply a homeowner can rent out a room in their own home on a Monday to Friday basis and earn up to £7,500 per annum Tax-Free! That’s £625 a month for a room that is getting no use and gathering dust. It’s a no-brainer!
This suits the Homeowner as they are obviously earning tax-free income and they have the house to themselves on the weekends and it also suits Lodgers who can locate near their place of work during the week – save on transport costs, reduced rental cost and less stress. It’s a win-win for both parties.
For more information check out Getdigs.co.uk the premier Monday to Friday accommodation website in the UK or email admin@getdigs.co.uk