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HMRC Want Landlords To Get Tax Affairs In Order

HMRC Want Landlords To Get Tax Affairs In Order

HMRC Want Landlords To Get Tax Affairs In Order

UK property investors and private rental sector landlords are being offered tax training online by Her Majesties Revenue and Customs (HMRC), in order to make it easier for them to understand when and how to pay tax on property assets.

The computer-based training tutorials are aimed at property investors and private rental sector landlords who are renting out property and have not registered to pay tax, or have under-declared their rental incomes or have under-paid tax.

The tax training is part of HMRC’s Let Property campaign, and it is understood that HMRC are also in discussion with various landlord associations in order to make the training available to their members.

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HMRC Targeting PRS Landlords Again

HMRC Targeting PRS Landlords Again

Another Clampdown On UK PRS Landlords By HMRC

HMRC has turned its attention to the housing and property rental market with the intention of targeting landlords, again.

The taxman thinks that there are a number of UK private rented sector (PRS) landlords who have yet to declare any income earned from renting properties to tenants, and they are going all out to find them.

The latest clampdown on private rented sector landlords by HMRC is intended to target those landlords allegedly not paying tax and the taxman is using information provided by all UK local authorities to track rental properties.

Letting agents and landlords have already started receiving letters from HMRC requesting information on long-term and holiday rental property addresses, letting periods, tenant numbers and rental income.

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