Hi
We are not a registered business. Myself and my wife both receive company pensions
Mine is just above the tax threshold and I pay a very small amount of tax on my pension.
My wife is under the threshold and she rents a room out under the ‘rent a room scheme’ and uses the balance of her tax threshold so she doesn’t pay any tax or need to do any tax return.
My question is:
We are also thinking of taking a lodger who would stay four nights a week. From a building company. If the payment (cash, cheque, bank transfer) is made over to me how do I go about paying the tax or can I just ask the building company to deduct tax at source?
Any advice would be helpful.
Many thanks.
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