23 February 2022

Let Property Campaign

HMRC’s Let Property Campaign is a solution for those landlords who are not up to date with the annual tax returns required to declare income earned from rental property located in the UK. This requirement exists for all landlords regardless of the amount of income received and regardless of where they may reside, either in the UK or overseas.

By making such a disclosure voluntarily through the let property campaign, there is the potential for late filing penalties to be lower than those which will arise if HMRC were to approach you directly about any outstanding tax declarations.

Even if resident overseas and declaring the rental income in the country where you reside, the need to file a tax return in the UK remains. It would be our pleasure to assist you with this and help you stay up to date with your UK tax reporting obligations.

If you are a foreigner in the UK with rental income arising overseas, this too must be reflected in an annual tax return and we would be happy to discuss the options available to you should the remittance basis of taxation be possible.

Feel free to make contact should you have concerns about rental income and any overdue  reporting requirements.