Surge in tax receipts sparked by HMRC investigations into buy-to-let

HM Revenue & Customs (HMRC) has experienced record receipts of capital gains tax after a crackdown on landlords. Figures published by accountants UHY Hacker Young show that probes by tax inspectors into underpayments of capital gains tax has resulted in HMRC obtaining £136m for the year 2013-14. This marks a 24% increase on the previous year.

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