Private Landlords & Tax Investigations

Have You Reported Your Rental Income?

HMRC Connect, a new system to catch tax dodgers. HMRC investigations have increased by 18% this year alone.

HMRC Is Closely Watching And Uses its Powers to:

  • Investigate Your Un-Reported And Undeclared Income.
  • Charge Hefty Fines, Penalties And Begin Criminal Investigation For Tax Evasion And Under Declaration Of Income.
  • Take An Upfront Payment Through Accelerated Payment Method Under The Special Powers
  • Extend An Investigation Up To 20 Years.

With the New Changes in Place and Making Tax Digital (MTD),

It’s now question of “When” instead of “HOW” will you be investigated 

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Please contact us if you already reported your income to HMRC and you think you under-declared your income and we will bring your taxes up to date with least penalties and surcharges.

You will always be at advantage and will incur lower penalties if you come forward and bring your tax affairs up to date

If the understatement or income reported to HMRC is not corrected and HMRC finds out, it can be treated as deliberate and can lead to a criminal investigation.

The introduction of new ‘Income Thresholds’ and changes to legislation suggest HMRC’s seriousness in taxing the property sector.

New changes include:

  • Increase in Stamp Duty Charges
  • Introduction of Finance charge restriction
  • Exclusion of 10 % Wear and tear Allowance

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