Taxman using Land Registry to nail tax dodgers
Buy-to-Let landlords and those selling a second property targeted by HMRC
Land Registry details are being used by the taxman to track down tax dodgers.
UHY
Hacker Young has warned buy-to-let landlords and people selling off
second properties that HM Revenue & Customs is using
Land
Registry details to match up against those failing to pay capital
gains tax on property disposals or income tax on rental income.
An HMRC spokesman said that it had always looked to use all the tools
available to track down tax dodgers, but there was no fresh impetus to target
plural householders.
“This is nothing new. HMRC have a duty to ensure everyone pays the tax they
owe and ensure that those that seek to evade tax don’t get away with it. HMRC
uses a wide variety of information sources to ensure the tax rules are followed,
” said the spokesman.
Further reading:
Tax
manager alleges avoidance at Lloyds bank