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  1. The rent a room is a scheme was put forward by the government in 1992, to help homeowners make extra money by renting a spare room to lodgers as a way to increase the amount of affordable accommodation in an area. The incentive for homeowners to rent a spare room was that earned income from this room would be tax-free up to the amount of £7,500. This has in more recent years been applied when renting out an entire property, a perfect example of this is people renting out their sole residents on Airbnb. With the initial amount of £7,500 being tax-free and very desirable areas such as
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