HMRC task force targets landlord tax dodgers
Landlords and property investors who cheat on their tax are under scrutiny from special HM Revenue & Customs task forces.
The teams in London and the North West have been so successful that HMRC has set up a third team of investigators in Scotland.
The team looking at property investors dodging tax in London is expected to yield up to £7 million in unpaid tax plus penalties and interest.
Another group in the North West has uncovered a number of ‘ghost’ landlords, referring three tax evasion cases for criminal prosecution.
The task forces are part of a wider HMRC initiative to clamp down on tax evasion, avoidance and fraud that aims to raise the government around £7 billion a year.
Read the full story at Property118.com
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