Let Property Campaign – Gives residential landlords the opportunity to bring their tax affairs up to date

You can report previously undisclosed taxes on rental income to HMRC under the Let Property Campaign if you’re an individual landlord renting out residential property.

This includes you if you’re:

  • renting out a single property
  • renting out multiple properties
  • a specialist landlord, eg student or workforce rentals
  • renting out a room in your main home for more than the Rent a Room Scheme threshold
  • living abroad and renting out a property in the UK
  • living in the UK and renting a property abroad
  • renting out a holiday home even if you use it yourself

You can’t use this scheme to declare undisclosed income if you’re a company or a trust renting out residential property or if you’re renting out commercial property.

 

We at Rashid Chartered Certified Accountants can help you with the disclosure. Please call for more information

 

Source: Let Property Campaign – Gives landlords the opportunity to bring their tax affairs up to date if they’re letting out residential property

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