16,000 landlords admit to underpaying tax as HMRC cracks down on buy-to-let Tax office recoups £42m from property investors in 2018-19 Thousands of landlords have admitted to underpaying tax on their rental income, an increase of 145% compared with the previous year. In 2018-19, more than 16,000 landlords voluntarily told […]
Life has become very tough for amateur landlords in recent years. Tax changes, tighter regulations, lending restrictions – you name it, the buy-to-let property sector has been hit by it. But one entity is very happy indeed about the squeeze on landlords: the UK government. How George Osborne killed the […]
Launched in Autumn 2013, this is HMRC’s longest running campaign Disclosures under the LPC allow tax payers to rectify their affairs in respect of undeclared income or gains relating to rental properties and holiday lets Making a voluntary disclosure, or assisting HMRC in their enquiries can lead to a reduction […]