HM Revenue & Customs started in September 2013 to target those who receive rental income without a declaration for income tax purposes on the grounds that the treasury was loosing an estimated £550M a year in tax revenue. As a result, it is unwise to be in receipt of rental income and not declare such income to the revenue. This article shows what can be done to legitimately minimise tax liability when in receipt of rental income.
https://cooperselsby.co.uk/ Tue, 17 Mar 2015 09:16:43 -0700
In September 2013, HMRC announced a nationwide campaign to target residential property landlords who were not declaring their rental income. By their reckoning,