According to accountants UHY Hacker Young, a crackdown by HM Revenue and Customs on buy-to-let landlords in the North West who have failed to declare their rental income has led to more than £250 million in tax being assessed.
The success of the campaign is very likely to lead to similar campaigns being carried out in the rest of the country.
For advice on complying with your legal obligations as a landlord or tenant, contact us