Residents of Edinburgh will know only too well the significant cost of council tax. This already heavy burden may well increase if residents are asked to pay for “completion” of the tram works. The average council tax charge is now just over £1800 per year!
The good news for Edinburgh residents is that, arguably, you live in the festivals world captial! The festivals collectively produce a surge in visitors to the city every year – Edinburgh is home to Europe’s largest festival event, the Edinburgh Fringe as well as a host of other festival events. This influx of people creates a big demand for short term accommodation, a demand that hotels can’t meet alone.
Visitors to Edinburgh are keen to rent rooms from private landlords – these can often provide better value than commercial alternative and they also provide a unique experience of Edinburgh – visitors get an “insiders guide” to where to eat, drink and visit. Rooms rates can vary dramatically depending on location and property facilities but the current average room price on Edinburgh Festival Rooms is £48 per night. If you rent your room from mid July when the festival season is starting to the end of August at the summer festivals end you could generate £1960 at this room rate. So this would pay of your £1800 council tax bill in one shot and leave a little left over to treat yourself!
Legally you are allowed to earn up to £4250 tax free a year so you don’t need to worry about the tax man, and if you have more than one spare room you can make that work for you to! So why not rent your room out on Edinburgh Festival Rooms – it will pay for your council tax and then some!
Pay your council tax in one summer!
Residents of Edinburgh will know only too well the significant cost of council tax. This already heavy burden may well increase if residents are asked to pay for “completion” of the tram works. The average council tax charge is now just over £1800 per year!
The good news for Edinburgh residents is that, arguably, you live in the festivals world captial! The festivals collectively produce a surge in visitors to the city every year – Edinburgh is home to Europe’s largest festival event, the Edinburgh Fringe as well as a host of other festival events. This influx of people creates a big demand for short term accommodation, a demand that hotels can’t meet alone.
Visitors to Edinburgh are keen to rent rooms from private landlords – these can often provide better value than commercial alternative and they also provide a unique experience of Edinburgh – visitors get an “insiders guide” to where to eat, drink and visit. Rooms rates can vary dramatically depending on location and property facilities but the current average room price on Edinburgh Festival Rooms is £48 per night. If you rent your room from mid July when the festival season is starting to the end of August at the summer festivals end you could generate £1960 at this room rate. So this would pay of your £1800 council tax bill in one shot and leave a little left over to treat yourself!
Legally you are allowed to earn up to £4250 tax free a year so you don’t need to worry about the tax man, and if you have more than one spare room you can make that work for you to! So why not rent your room out on Edinburgh Festival Rooms – it will pay for your council tax and then some!