New warnings have been issued by a major accountancy firm that Landlords are at risk of Tax investigations.
Over the past couple of years we have regularly warned that HMRC (The Tax Man) is targeting Landlords. Whilst we believe that the Revenue is entitled to all the Tax it should correctly collect we have been told time and again how Landlords feel that the Revenue are effectively using bullying tactics to extract more Tax from Landlords.
The latest warning from accountants UHY Hacker Young concerns Capital Gains Tax, but with the Government pledged to raise £16.1 Billion from Tax Investigations there seems to be little doubt that many more Landlords will be called to explain their Tax Returns.