Accommodation
Rent a Room Scheme – Renting a Room in your Home during Covid19. Is there hope?
Down through the decades the Rent a Room Scheme has been an enormous financial benefit to Homeowners trying to earn additional income. With the Homeowner able to earn up to €14,000 per annum Tax Free it is a no-brainer in a lot of cases. But how has Covid19 affected the room rental sector and is…
Read MoreThe Impact of Covid-19 on the Accommodation sector in Ireland – what does the future hold?
Covid-19 is everywhere, literally! Everyone you talk to the conversation invariably turns to the Coronavirus. The numbers, the statistics, businesses affected, financial implications, recession looming – all bleak and gloomy facts and figures. With respect to accommodation, the narrative surrounds hotels and the hospitality sector and again the clouds are only dark ones. But in…
Read MoreSpare Room? Don’t leave it idle. Use the rent a room scheme and earn extra cash!
Rent a Room Scheme Currently in Ireland there is a well-documented student accommodation crisis (obviously the Covid-19 situation is having a hugely negative impact on accommodation currently). This in turn has led to a spare room rental boom. Each budget announcement sees the Rent-a-Room scheme tax incentive go, to where it is now sitting at €14,000…
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