Recession Beater - Rent a Room

The Irish Revenue Commissioners have a scheme which allows you to rent the spare room for up to €10,000 on a tax free basis, as at August 2009

Renting a room in this way does not impinge on the Principal Private Residence Relief for Capital Gains Tax.

It's a simple scheme which benefits those who rent a room for company or those who would like extra cash in these recessionary times. Providing you live in the house and do not receive more than €10,000 per year rent from that house then the amount is tax free. It could help to reduce the mortgage payments out from your other income,

Have look at the spare room. Consider whether you could put it's contents into storage in Elephant Self Storage for as little as €5-€10 per week on a long term basis. The stored items are easily accessible and they may be safer in storage than leaving them lying about that spare room to which you do not pay much attention

You can get special storage boxes from Elephant that are suitable for stacking and maximise storage space

Beat the recession. Store the room contents at Elephant Self Storage and improve your financial position. Call our storage advisers today on 01-494 0000 or "Get a Quote"