The Let Property Campaign is HMRC's initiative to recover lost tax revenues from private landlords who have not made a disclosure about their rental income to them in the past.
HMRC are using new more effective measures to identify landlords who have let property but not declared it on their tax return. Those who they identify face having to pay back all of the tax they would of owed plus interest and penalty fines.
If you have received a letter from HMRC then you have to act promptly as there can be increased penalties and they have the power to bring criminal proceedings. If you have not received a letter you should consider making a let property disclosure as there will be less interest and penalties.
We can help you make your Let Property Campaign disclosure easy and hassle free whilst ensuring you only pay the right amount of tax. We give a full tax review on all of the years you did not declare, helping identify allowable expenses or reliefs that could help minimise your tax liability.
If you are interested in talking to us about your disclosure or want to get a custom quote then please don't hesitate to get in touch.
We will set you up on the tax system and register you as a client, allowing us to act on your behalf, dealing with HMRC from start to finish.
We give a full tax review on all of the years you did not declare, ensuring we include any allowable expenses or reliefs that could help minimise your tax liability.
We have designed our service to be as easy and pain free as possible. We have a number of different methods to make taking your information easy.
Our UK qualified accountants have over 20 years experience with tax and dealing with HMRC.
We will take the time to talk with you about your circumstances, helping you understand the process and the financial implications of disclosing.
We will talk with you in detail about the rental income years in question to try and find all possible expenses or reliefs that could help to minimise your tax liability.
Our qualified accountants will conduct a full tax review of your financial information for every year you didn't declare your income.
They will then calculate the tax, interest and penalties for each year that you owe. They will discuss the total amount and payment options with you.
We will take the time to talk with you about your circumstances, helping you understand the process and the financial implications of disclosing.
We will talk with you in detail about the rental income years in question to try and find all possible expenses or reliefs that could help to minimise your tax liability.
Our qualified accountants will conduct a full tax review of your financial information for every year you didn't declare your income.
They will then calculate the tax, interest and penalties for each year that you owe. They will discuss the total amount and payment options with you.
With your permission we will make a full disclosure to HMRC under the Let Property Campaign and help negotiate payment terms that suit you.
We will liase with HMRC for you and deal with all subsequent enquiries. We will also give you advice on ensuring you are compliant in future.
If you are interested in talking to us about your disclosure or want to get a custom quote then please don't hesitate to get in touch.