The link below to the government website, direct.gov.uk provides up to date information about the tax implications of being a private landlord.  A brief overview of some of the areas covered are given below:

-Tax on rental income;
Whether you let one or several properties, you are taxed on the overall 'net profit'.  This can be worked out by:
- adding together all your rental income
-adding together all your allowable expenses
-taking the allowable expenses away from the  income.

Further information about tax on rent from residential lettings is available by following the link below.

-The Rent a Room Scheme
If you are letting furnished accommodation in your own home to a lodger and your total receipts (rent plus income from meals, laundry service etc) are £4,250 or below (£2,125 of letting jointly), you can get this income tax-free under the Rent a Room Scheme.

For further information about the Room Rent Scheme is available from following the link below.

- Link to Tax & Benefits information