9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
12 Feb 2016
The ‘Rent a Room Scheme‘ was introduced by Government to encourage the more efficient use of residential properties with surplus accommodation. The scheme allows owner occupiers to benefit from a modest rental income from the partial letting of their main residence without needing to pay tax on the rent received.
A homeowner can let a room or an entire floor. There is a maximum rental threshold of £4,250 per annum. The personal tax free allowance is halved if you share the property with another and they also claim relief.
Relief is claimable through your tax return. However, if your total annual income is less than the threshold you may not need to submit a claim for this relief. Alternatively, you can declare all property related income and expenditure in the normal manner and choose not to use the allowance.
If you rent a room in your Bracknell home or run a bed and breakfast from your home then you may wish to consider using this scheme. The scheme cannot be used where a property is converted into self contained flats.
For further information see the Government website about the Rent a Room Scheme or contact us on 01344 860121.
Related articles:
- What’s the difference between a Tenant and a Lodger?
- What Are the Considerations When Taking on a Lodger?
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