If you’ve got a spare room (or two) going you could earn up to €14,000 tax free.
UCD Students’ Union have launched a campaign in an attempt to promote a new rent-a-room scheme.
Private homeowners are being urged to rent out a room in their house and potentially earn up to €14,000 per year tax free as a result.
In the midst of a housing crisis, students are regularly among those who are finding it more and more difficult to find somewhere to rent that enables them to attend college.
UCD itself is in the highest rent pressure zone in Ireland, and recent findings suggested that on-campus accommodation increased in cost this year.
Katie O’Dea, Campaigns and Engagement Officer, UCD Students’ Union spoke about the launch of the campaign, saying;
“UCD is in the highest rent pressure zone in the country which means that many students find it difficult to find affordable accommodation.
“Renting a room from a homeowner or ‘digs’ is the most affordable option in this area but we still do not have enough beds for all of our students.
“Every day since the beginning of term, students are telling us that they cannot find a bed in commutable distance of UCD. We are encouraging any homeowner who has a spare room in their house to consider renting it to students.
“Students urgently need a place to stay and homeowners can earn up to €14,000 tax free income if they rent out a spare room (or two!) in their house. It’s a win-win situation.
“We are asking homeowners to keep in mind that students will need access to cooking and laundry facilities, and we encourage homeowners and students to agree to a Tenancy Agreement so that everyone knows what they can expect from the other.
“We will be flyering in main centres nearby UCD at weekends and dropping leaflets into homes along the 46a, 145 and 39a bus routes in the coming weeks to promote the scheme to homeowners and hopefully we will find more beds for students who are still struggling.”
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