Rent a room scheme
The Rent a Room Scheme is a UK Government initiative which lets you earn up to a threshold of £7,500 per year tax-free from letting out a furnished room or floor within your home. This is halved if you share the income with your partner or someone else.
The Rent a Room Scheme was introduced in an attempt to encourage people to rent out spare rooms in their homes.
For more information on this scheme visit the Government Website.