
HMRC Takes Aim At Short-Let Landlords And Sends ‘Encouragement’ Letters
Recent tax advisers and accountants’ feedback is that HMRC has sent out a wave of ‘one-to-many’ letters to taxpayers. HMRC’s latest targeted ‘victims’ are taxpayers claiming Research and Development Tax Relief, individuals exceeding the lifetime limit of the Business Asset Disposal Relief and unsurprisingly those who operate short-term property letting and perhaps not declaring part or all of their ‘gains’. According to the financial advisers and accountants the letters were…