What is the Let Property Campaign and is it for me?

This is a voluntary disclosure opportunity for landlords to declare unpaid taxes on rental income from residential properties in the UK or abroad. 

Please note this does not apply to commercial properties.

It does however apply to properties abroad.

It will ensure that you can bring you tax affairs completely up to date, usually paying lower penalties.

Residential property landlords as individuals, with undisclosed income, including holiday lets and rent-a-room schemes are able to use the digital online disclosure.

There are two stages, the first one being an online notification to HMRC of your intention to disclose.

This is followed within 90 days with your full disclosure, calculation of the liabilities, a calculation of the interest payable and your relevant penalty charge.

Ask HMRC are continuing with vigour their work behind the scenes to uncover those who have second properties who are clearly renting them out, or have sold them and are issuing letters to such taxpayers. You can take it that if you receive a letter HMRC already knows everything about you and the property. They do not send these letters out as a ‘fishing expedition’.

They will have checked the land registry, who pays the council tax and utility bills and whether you have a mortgage on the property. So early notification to them is highly recommended.

Voluntary disclosure is generally favoured rather than waiting for HMRC to initiate an investigation, which leads to higher penalties, as well as a long drawn out investigation where they are in control and they are the ones issuing the demands for documentation and information.

Using a specialist advisor we can gather this information for you and make the online disclosure under the Property campaign circumventing any inquiry or investigation by HMRC that alone will reduce the stress levels considerably as well as the costs. Contact us as below for a fixed price quote and a chat with your friendly advisor.

Contact Andy on 07879 464577 or Lindsay on 07584 706664

Or complete our contact form to send us an email to which we will give you a prompt reply.