Rent-a-Room 2.0? Why 14,000 tax break a year for 'cheap' modular homes is far from the no-brainer it seems
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Rent-a-Room 2.0? Why 14,000 tax break a year for 'cheap' modular homes is far from the no-brainer it seems
"The publication of the 1926 census last month showed just how common it was to rent out a spare room to a stranger, from Dublin households taking in culchies moving up to the Big Smoke to seek work to rural homes accepting 'paying guests' such as farm labourers or travelling salesmen."
"By 2001, the then-government formalised these arrangements by creating the Rent-a-Room scheme, which allowed homeowners to earn tax-free income from renting out a spare room or two."
The Cabinet has approved proposals aimed at relaxing planning rules for modular homes. This decision comes in the context of a long-standing tradition in Ireland where homeowners have rented out spare rooms to help with finances. The 1926 census highlighted the prevalence of this practice, with various households accommodating lodgers. In 2001, the government established the Rent-a-Room scheme, enabling homeowners to earn tax-free income from renting out spare rooms.
Read at Independent
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