If reports in the national press are correct HMRC (Her Majesty’s Revenue & Customs) is about to launch a crackdown on ‘rogue’ buy to let landlords.
A report in the Daily Mail, reveals that up to 900,000 buy to let investors and second homeowners could be investigated by HMRC.
According to the report, there are an estimated 1.4 million landlords in the UK, but only around 500,000 have registered with HMRC, leading to concerns that millions of pounds are being lost in tax receipts.
Tax on property income
Income from buy to let ...