Qualified advisers answering your
Financial Questions
call 0800 092 1245

Tax warning for buy-to-let landlords

It is essential that buy-to-let landlords get their tax affairs in order or risk significant fines from HM Revenue & Customs (HMRC), a business advisory firm has warned. Alex McCann of DTE issued the warning to buy-to-let landlords as HMRC continues to target them in a new tax evasion campaign and said that should they be found to be in arrears, landlords could face substantial fines. Mr McCann added: "HMRC is confident of success because information from stamp duty land tax returns means it can match properties to individuals’ declared principal private residences and take matters from there. "If there is a tax arrears issue, coming forward with a voluntary disclosure could reduce any penalties." It is thought many landlords have been paying insufficient tax because they erroneously believe that it is not owed when their mortgage swallows up their rental income. The crackdown began in February this year.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details