Landlords targeted by HMRC

HM Revenue & Customs (HMRC) has been accused of indiscriminately targeting residential landlords.

HMRC are using information obtained from local councils to try to identify landlords who might have  failed to declare rental income.

Mike Down, head of tax risk and investigation management at accountants Baker Tilly, said that shockingly, ‘ HMRC are openly admitting that the probing letters are being issued without the department having first checked whether the landlord is in-fact fully declaring the rents on their annual tax returns.’

So don't be surprised if a letter lands on your doormat.

Read more here -

In Citywire

In the Guardian

In the Financial Times