HMRC are currently running the Let Property campaign aimed at property landlords who have not disclosed rental income and will be open for at least 18 months. This campaign is separate to a previous campaign called the Property sales campaign which closed in August 2013.

HMRC do hold information and intelligence systems on properties that can help them identify individuals who have not declared their rental income.

Therefore it is important for landlords/individuals to use this campaign to come forward and declare all their rental income and obtain best terms for penalties. HMRC will be able to issue higher penalties or even pursue a criminal prosecution for those that HMRC find from their own enquiries to have not disclosed rental income.

Please contact us for further advice.