Treasury launches new crackdown on landlords

Posted: 19 Feb 2007 10:45:09 GMT


            Property News - Treasury launches new crackdown on landlords

The Treasury has launched a new campaign to crackdown on buy-to-let investors who are not registering rent as earnings

The Treasury has launched a new campaign to crackdown on buy-to-let investors who are not registering rent as earnings.

Taxmen are using sophisticated new tactics such as automated scans on online letting adverts, undercover agents and a new hotline to report unregistered landlords.

Accountants have warned that many landlords do not realise that they have an obligation to report their rental income however, and that many may be unjustly persecuted.

"The government is under pressure to pull in as much tax as possible and property investors are a potentially lucrative source of income," Mike Warburton of Grant Thornton told the Times.

They also warned that regulation of rental property is highly complicated and can change according to whether tax assessors judge it as a buy-to-let or holiday property.


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