HMRC enquiry into undeclared overseas income

HMRC enquiry into undeclared overseas income

A taxpayer approached us through a mutual contact after receiving a letter from HMRC saying they were opening an enquiry into personal undisclosed overseas income. The client’s own accountant was not familiar with HMRC enquiries into overseas income and suggested a...
Let Property Campaign – Reasonable excuse?

Let Property Campaign – Reasonable excuse?

The challenge An individual, we’ll call her Becky, approached us at SME Strategies having read a blog we wrote on undisclosed rental income and HMRC’s Let Property Campaign. Becky had a rental property owned in her sole name but which was managed by her former...
Pursuing professional negligence

Pursuing professional negligence

Background The owners of a rental property business were given some unprompted written professional advice from their accountants. It involved moving properties out of the property company into personal names to avoid CGT. The advice was taken and acted upon by the...