Sunday, January 9, 2011

HMRC will be waiting for returns from landlords

Owners of rental properties advised to regularise their affairs before new tax crackdown in 2010

With the boom in rentals, especially around London, the HMRC is the biggest one to benefit. Increase rentals, low interest and a boom in accidental landlord’s means one thing, individuals with poorly planned tax affairs and tax evaders will be hammered through tax on Schedule A and fines. And they were warned a year ago!! Lets see how long they hold on to those houses.

Posted by patrickj @ 03:06 PM (616 views)
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