HMRC target landlords that have yet to declare income from property

HMRC plan to start a trial scheme against people they suspect have failed to declare income from property. During the trial a small number of letters will be sent to taxpayers and/or their agents. The letter is not a formal enquiry but failure to respond may prompt one.

If the trial is deemed a success by HMRC it will extend the campaign to cover more individuals they suspect. The press have alluded to approximately 1,500 people in all.     

If investigations do take place on individuals they will not be limited to income from property and HMRC are allowed to go back up to 6 years.

If you or someone you know could be affected by this we are offering a free telephone consultation on helping you understand your options. Call us now on 020 8515 9797 or complete our call me back form.