Let Property Campaign
The Let Property Campaign gives the taxpayers an opportunity to bring their tax affairs up to date if they are individual landlords letting out residential property in the UK or abroad and to get the best possible terms to pay the tax they owe.
The Let Property Campaign is a wonderful scheme being offered by HMRC and encouraging the landlords with undeclared properties to come forward without too much fear. HMRC’s CONNECT system and the other databases they hold are likely to eventually catch up with these landlords which will result in heavy penalties and them being named and shamed. We believe that these landlords need to pay less tax than they think and that is one of the reasons they are reluctant to come forward.
We have helped a large number of new clients make a full disclosure to HMRC under the Let Property Campaign. Contrary to the common fear, the overall tax liabilities are usually not as high as anticipated. We would encourage any landlords with undisclosed income to come forward for peace of mind before HMRC approaches them first. If you have any undeclared properties then we can help you make a full disclosure to HMRC and keep the penalties to a minimum.