Let Property Campaign
Tax Update – AMG Financial Chartered Tax Advisers & Accountants have recently helped a local individual regarding a Let Property Disclosure. The client located in Selsey did not realise that they had an obligation to report rental income to HMRC. The client was looking for an accountant in Selsey and we were more than happy to help. We made a disclosure on behalf of the client to bring their tax affairs up to date. The client can rest assured that the disclosure means they have saved thousands of pounds in penalties due to the disclosure facility.
The Let Property Campaign allows a tax payer to make a disclosure to HMRC regarding undeclared or incorrectly declared rental property income. The facility is likely to reduce the potential penalties that HMRC can charge a tax payer.
Please contact us if you have undeclared rental property and we would be happy to discuss your options