Tax relief plan for room letting dismissed by treasury
A plan to introduce tax benefits for people who let out rooms in their homes has been dismissed by the government.
The incentive, which was designed to help people on fixed incomes, was considered in a public consultation.
The scheme would have meant landlords could claim a tax-free income of up to £1,500 a year from letting one or more rooms to private tenants.
An Isle of Man treasury spokesman said introducing the scheme at this time would "not be appropriate".
The United Kingdom and Ireland both operate similar schemes, but after receiving 13 responses from the public the Manx treasury has decided not to follow through with the proposals.
The idea was initially brought forward by the former Treasury Minister Anne Craine in her budget speech of 2011.