Landlords' Tax Obligations: Essential Information and Training from HMRC

There have been lots of articles in the press recently that landlords of rental properties could be probed by the taxman over claims that they have not declared profits they have made. Landlords need to follow the correct procedure when it comes to buy-to-let schemes to avoid any tax issues and facing any legal action against them.

To help new and existing Landlords to meet their tax obligations, HMRC have launched the Let Property Campaign.  The main campaign page has a wealth of information and further links to a number of useful resources, including Case Studies and a dedicated Campaign Helpline.

Additionally, HMRC have created an online training package with all of the information a Landlord might need, including information around key dates, allowable expenses and a little about Capital Gains.  To view the available training click here.

To find out more about Hunters services for Landlords, contact your local Hunters branch.