Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Property sellers encouraged to check they have paid the correct tax

06 December 2021
Issue: 4820 / Categories: News

HMRC is sending a new batch of nudge letters to sellers of residential properties to make sure that they have paid the right amount of tax. This is on the ground that some taxpayers may owe another 8% on top of what they have already paid.

Dawn Register head of tax dispute resolution at BDO said: ‘This is yet another example of HMRC using land registry data to check up on taxpayers reporting and paying tax on property deals. HMRC continues to encourage landlords with tax irregularities to make a voluntary disclosure using the let property campaign and seek specialist advice where necessary about the disclosure process.’

An HMRC spokesperson said: ‘We are writing to customers who we believe have sold a residential property which had a capital gains tax charge but who may have declared this in the wrong part of their tax...

Only subscribers may read the full article

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
back to top icon