HMRC are chasing landlords

HMRC are continuing to chase property owners who they believe have not declared the
correct tax on their rental incomes. They are including long-term lets,holiday lets, student lets
and workforce lets.

The campaignis expected to last 18 months during which time  taxpayers can come forward to disclosure any undeclared income from rented properties.

This area is replete with opportunities for information for HMRC; from records from other
government agencies and local authorities such as the stamp office, the rating authorities, HMRC surveillance, tip-offs from the public, and disgruntled tenants.

As is usual, lower penalties can be negotiated for those who come forward voluntarily.

If you have any fears about your current position contact us for advice.

 

Contact us on 01582 715 381 or email john@connorspencer.com

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