Are you a landlord with undeclared rental income? HMRC's Let Property Campaign offers a chance to disclose unreported rental income under favourable terms.
Taxwise Accountancy is a specialist Let Property Disclosure Accountant, helping landlords across the UK correct their tax affairs and avoid unnecessary penalties.
Expert guidance on making disclosures to HMRC
Minimize penalties through proper disclosure
Full representation in all HMRC dealings
Complete confidentiality guaranteed
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The Let Property Campaign (LPC) is an HMRC initiative that allows landlords to voluntarily disclose previously undeclared rental income
The Let Property Campaign gives landlords who have not declared all their rental income the opportunity to bring their tax affairs up to date. By making a voluntary disclosure, you can benefit from reduced penalties and avoid criminal prosecution.
Making a voluntary disclosure through the Let Property Campaign typically results in lower penalties (as little as 10-20% compared to 100%+ if HMRC discovers it first), lower interest charges, and avoidance of criminal investigation.
HMRC has access to extensive data sources including Land Registry records, bank account information, rental platform data (Airbnb, Booking.com), and international tax information. If you've received a letter from HMRC or are concerned about undeclared rental income, it's crucial to act quickly.
We are expert UK-qualified and experienced registered accountants for landlords, providing professional guidance on making disclosures under the Let Property Scheme
We review your situation and determine the extent of undeclared income
Calculate the correct tax owed for all relevant years
Prepare comprehensive disclosure documentation
Handle all communications with HMRC on your behalf
Negotiate the lowest possible penalties with HMRC
Ensure you stay compliant with tax obligations
Our services ensure that landlords comply with HMRC regulations while minimising tax liabilities and penalties. By using the Let Property Campaign disclosure facility correctly, you can benefit from reduced penalties and avoid HMRC investigations.
If you have rental income that hasn't been declared to HMRC, whether from residential or commercial properties, UK or overseas
Short-term rental hosts who haven't declared income from platforms like Airbnb, Booking.com, or VRBO
UK residents with rental properties abroad who haven't declared foreign rental income to HMRC
Our accountants have extensive experience in handling undeclared rental income disclosures and know how to navigate HMRC's systems effectively
We manage all communication with HMRC, ensuring the best possible outcome for you without the stress of dealing with tax authorities directly
We have successfully assisted many landlords in resolving their tax affairs, achieving favorable outcomes and minimal penalties
Your tax affairs will be handled with the utmost confidentiality and professionalism. Discretion is guaranteed throughout the entire process
Notify HMRC of your intention to make a disclosure through the Let Property Campaign. You have 90 days from registration to submit your full disclosure.
Collect all relevant documents including tenancy agreements, bank statements, rental income records, and expense receipts for all years with undeclared income.
Calculate the correct tax owed for each year, along with interest and estimated penalties. This requires expertise to ensure accuracy and minimize penalties.
Submit a formal disclosure to HMRC including a detailed explanation of why income was not declared and full calculations of tax owed.
Work with HMRC to agree on the final tax, interest, and penalties owed. We negotiate on your behalf to achieve the best possible outcome and arrange payment terms if needed.
Don't risk higher penalties and criminal prosecution
If you have undeclared rental income or have received a letter from HMRC, time is of the essence. Our specialist Let Property Campaign accountants are here to help you navigate the disclosure process, minimize penalties, and resolve your tax affairs with complete confidentiality. Get in touch today for a free, no-obligation consultation.
Time-sensitive: Act now to minimize penalties and avoid criminal investigation