HMRC Focus on Landlords & Latest Task Forces

The Let Property Campaign is designed to encourage residential property landlords to come forward and voluntarily disclose any undeclared rental income to HMRC.Although the campaign will be directed at all residential landlords, HMRC is particularly focussing on:

 Landlords who let to students/groups of workers
 Landlords who let out holiday accommodation
 Landlords who let out properties for multiple occupancy

HMRC has also announced its latest Task Forces.  HMRC will be focussing their attention on the following industries and business sectors starting in London, the South East and Midlands.

• Construction industry
• Security guards, bouncers and their employers
• Second-hand motor traders Hidden wealth/’means’ issues
• HMRC expects to deliver £3 million from comparing people’s lifestyles to known assets.

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