UK Taxman Turning Up The Heat (Telegraph Article 4 Aug 2014)

UK Taxman is turning up the heat on landlords who may not have declared their rental income and/or have under-declared.

See this article - (dated 4 Aug 2014)
http://www.telegraph.co.uk/finance/personalfinance/10999633/HMRC-turns-up-heat-on-landlords.html

The taxman will send 40,000 letters to landlords it suspects are not paying enough tax this year.

The Revenue has begun gathering information from a wider range of sources, accountants said. Mark Giddens, a partner at UHY Hacker Young, said HMRC had gone beyond the Land Registry and the electoral roll. “It was not until April this year that the taxman sent out notices to letting agents in which they asked for details to be provided of everyone on their books,” he said.

Looks like the UK Taxman is now getting information directly from lettings agents.  With such information, they can easily match the records with the tax filing and then go after the landlords who have not declared their income.

Best to file your returns honestly and accurately!

Happy Investing!