HMRC – Latest Warning

I’m not sure how many of these we’ve put out over the past 10 years. I’ve lost count! Anyhow, HMRC has just announced that it has set up a specialist task force to recover what it states is some £4m in tax from buy-to-let investors in the South East who have not disclosed this income.

You can expect to ‘see tax officers visiting landlords to examine their records… there is evidence of high risk of tax evasion…HMRC will typically target groups of up to 300 individuals.’ Be ready if you are a BTL investor in the South East and, reading between the lines, have taken out BTL mortgages or remortgages this past year.

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