{"id":3970,"date":"2022-09-01T13:03:43","date_gmt":"2022-09-01T12:03:43","guid":{"rendered":"https:\/\/cloud9accountingteam.co.uk\/?p=3970"},"modified":"2022-09-01T13:05:43","modified_gmt":"2022-09-01T12:05:43","slug":"lettings-relief-do-you-qualify","status":"publish","type":"post","link":"https:\/\/cloud9accountingteam.co.uk\/sk\/lettings-relief-do-you-qualify\/","title":{"rendered":"Lettings Relief \u2013 Do You Qualify?"},"content":{"rendered":"

In the halcyon days of buy-to-let ownership, landlords were able to benefit from lettings relief if they sold a let property which at some point had been their only or main residence. This could reduce the chargeable gain by as much as \u00a340,000. While the relief still exists, it is now only available to landlords who have shared their home with a tenant.<\/p>\n

Nature of the relief<\/strong><\/p>\n

If an individual lives in their home at the same time as a tenant, for example, if they let out a room or several rooms while continuing to occupy the property, they may be able to benefit from lettings relief in addition to private residence relief. It should be remembered that the let part does not qualify for private residence relief.<\/p>\n

The amount of lettings relief to which an individual is entitled is the lower of the following three amounts:<\/p>\n