Irish Independent: Your Questions: Is there any tax relief available if I rent a room to a student?

Question: I am thinking of opening up a room in my home to a student as digs. Is there any tax relief available for this, and I am wondering whether or not renting a room will have any impact on my mortgage interest relief?

Eileen Devereux, Commercial Director at Taxback.com – Given the housing situation at the moment choosing to take in a lodger or student could be a smart move. In terms of tax relief, there is a scheme designed especially for this avenue of income – it’s called rent-a-room relief.