Anton Lane runs the rule over HMRC’s Let Property Campaign.
The expected number of taxpayers with undeclared income from let property is far greater than the number that have disclosed under the Let Property Campaign. HMRC needs to generate Revenue and has information permitting a targeted campaign which is likely to gain momentum during 2021.
The Let Property Campaign (LPC) was launched in September 2013 following the identification of a significant number of properties owned by different persons than those living in the property (those registered for Council Tax and/or on the electoral role). Due to the perceived quantum of defaulting taxpayers, the approach was to launch a campaign and encourage voluntary disclosures.
Download the full article below: