TaxPersonal TaxBuy-to-let investors warned on tax crackdown

Buy-to-let investors warned on tax crackdown

Taxman to match data from other agencies with its own return records

Buy-to-let investors have been warned to keep their information up-to-date,
as the government looks to enforce a tax clampdown on the sector.

HM Revenue & Customs is to ‘data match’ information from local
authorities, the Stamp office and letting agents on rental income and property
sale revenues with its own tax filing records,
The
Scotsman reports
.

Andrew Addie of Grant Thornton Scotland said that HMRC is taking the
buy-to-let market seriously.

‘It’s crucial to notify HMRC of any new source of taxable income, including
rental income, as soon as possible,’ he said.

Further Reading:

Read
The Scotsman’s report

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