RAISE THE ROOF CAMPAIGN

Motion Text

That this House congratulates the Raise the Roof campaign; believes it is important to ensure that there is sufficient reward for homeowners to rent out their spare room in these difficult economic times; calls on the Government to increase the tax threshold on renting out spare rooms from £4,250 to £9,000; believes that the change in the tax threshold would help more homeowners to avoid arrears and repossession through the extra income obtained; points out that almost 60 per cent. of the income from all spare room rentals in the United Kingdom is above the current tax threshold; and calls on the Government to implement this scheme forthwith.