Buy-to-Let Owners Face Pounds 4bn Tax

Evening Standard - London › May 30, 2007

Linked as:

Summary

LANDLORDS could be in line for thousands of pounds of extra tax bills in a Government clampdown on the buy-to-let sector.

HM Revenue Customs will target tens of thousands of property owners who have failed to declare rental income or capital gains made from sales or claimed too much tax relief.

See the full content of this document

Extract

Buy-to-Let Owners Face Pounds 4bn Tax

Revenue officers will be given powers to impose financial penalties which can be backdated six years and equal the value of the unpaid...

See the full content of this document