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Landlords are you paying the right amount of tax?
27 September 2016

HM Revenue and Customs (HMRC) have launched The Let Property Campaign to give landlords the opportunity to come forward and disclose past undeclared rental profits. The campaign allows you to get up to date with your tax in a simple, straightforward way and take advantage of the best possible terms.

If you have undisclosed income you must tell HMRC about any unpaid tax now. You then have 90 days to calculate and pay what you owe.

The Let Property Campaign is open to all residential property landlords with undisclosed taxes, including:

  • landlords with single rentals
  • those that have multiple properties
  • specialist landlords with student or workforce rentals
  • holiday lettings
  • renting out a room in your main home for more than the Rent a Room Scheme threshold
  • those who live abroad or intend to live abroad for more than 6 months and rent out a property in the UK as you may still be liable to UK taxes

This campaign is not open to those landlords who are letting out non-residential properties such as a shop, garage or lock up. It also can’t be used by those wishing to disclose income on behalf of a company or a trust.

For further information about The Let Property Campaign please call Kellie Marsh, Residential Lettings Manager.

Call or email Kellie Marsh on

01234 362937

kam@robinsonandhall.co.uk

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