HMRC targets landlords over unpaid tax

[vetran]

Start here please

Prime Minister David Cameron rents out home for up to £72k a year | Mail Online

£2.7m Terraced house WTF?

[AtW]

Start here please

Prime Minister David Cameron rents out home for up to £72k a year | Mail Online

What's his monthly rent on 10 Downing Street?

His house contents insurance must be pretty low....

[DimPrawn]

Start here please

Prime Minister David Cameron rents out home for up to £72k a year | Mail Online

[BrilloPad]

HMRC go after tax evaders! Disgrace! Why don't they stick with hassling tax avoiders.

[Clare@InTouch]

Out of interest, what _are_ the limits of the rent a room scheme?

I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.

£4,250 tax free if you rent out a furnished room in your house, or half that if you share the income with someone else.

If there are costs involved and you make a loss you can just enter it as normal rental income on your tax return instead.

[vetran]

Out of interest, what _are_ the limits of the rent a room scheme?

I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.

working in Slough then?

[OwlHoot]

I wonder if they'll go after people on sites like sparerooms as many of them must be going over the limit of the rent a room scheme, or is just traditional landlords ?

Out of interest, what _are_ the limits of the rent a room scheme?

I'm interested because the owner of the house where I lodge during the week is probably covered by that, or assumes he is, although he lets a couple of rooms and two nissen hut type thingies in his (large) garden - I hardly ever see him or the other tenants, which is nice.

[Clare@InTouch]

Another amnesty? In my experience people need to be VERY careful about HMRC amnesty offers as half the time they aren't much better, if any better at all, than declaring your "mistake" under normal rules.

[amcdonald]

I wonder if they'll go after people on sites like sparerooms as many of them must be going over the limit of the rent a room scheme, or is just traditional landlords ?

[bobspud]

It would seem HMRC are currently on the war path at the moment and now have landlords in their sights:

HMRC targets landlords over unpaid tax

Well they need to make up for all the tax that they are not collecting from the multi nationals init?

[Martin@AS Financial]

It would seem HMRC are currently on the war path at the moment and now have landlords in their sights:

HMRC targets landlords over unpaid tax