Important Tax Information for Landlords
Landlords are being warned to ensure that their tax affairs are in order as HMRC is ramping up its ongoing campaign to catch investors believed to be avoiding paying what is due on their rental properties.
The latest figures available (for 2013-14) state that HMRC inspectors collected more than £130m as a result of investigations into capital gains tax underpayments alone.
HMRC estimates that the number of landlords in the UK is around 1.5m, yet fewer than 500,000 are registered with HMRC as owning rental properties. Continue reading “Important Tax Information for Landlords”