Section 788 | Meaning of “total rent-a-room amount”

(1)For the purposes of this Chapter an individual's “total rent-a-room amount” for a tax year is the total of—

(a)the individual's rent-a-room receipts for the tax year, and

(b)any relevant balancing charges for the tax year (see section 802).

(2)In calculating the total rent-a-room amount, no deduction is allowed for expenses or any other matter.