If you are receiving the error message ""There is an entry in box [PRO37], box [PRO4] must be absent. Please amend the incorrect entry."
You may update the Total rent and other income from the property under box 20 and you may please tick box 4 to claim rent-a-room relief. If the total income is less than the threshold you may tick Box 4 and not necessary to update the rest of the boxes. If the total income is more than the threshold you may do either of
• pay tax on the excess – without taking off any expenses – put your total income in box 20 and the exempt amount of £7,500 (or £3,750) in box 37 – you cannot claim the property income allowance on Rent a Room income
• work out your profit from letting in the usual way – the amount in box 20 minus any allowable expenses in boxes 24 to 29 – do not put anything in box 37.
Please refer to the attached HMRC guidance notes for more information.
If you have any further questions or need assistance, please don't hesitate to reach out to our support team. We're here to help you make the most of your Capium experience!