Question to the HM Treasury:

To ask Her Majesty’s Government, further to Lord Ahmad of Wimbledon’s response to the Earl of Lytton on 7 January (HL Deb, col 338), whether homeowners will be liable for tax on short-term lettings in London.

Individual homeowners receiving rental income from letting their property (whether short-term or long-term) will be chargeable to income tax on the profits from that letting. The exception is where they are renting furnished accommodation in their only or main home, in which case the Rent-a-Room scheme allows them to receive tax-free rental income of up to £4,250 per year.