HMRC Let Property Campaign

Let Property Campaign

HM Revenue & Customs

The Let Property Campaign gives you an opportunity to bring your tax affairs up to date if you’re an individual landlord letting out residential property in the UK or abroad and to get the best possible terms to pay the tax you owe.

If you owe tax on your letting income you’ll need to tell HM Revenue and Customs (HMRC) about the income you haven’t declared by making a voluntary disclosure.

To get the best possible terms, you must tell HMRC that you wish to take part by filling in a notification form or calling the Let Property Campaign helpline on 03000 514 479. You’ll then have 3 months to calculate and pay what you owe.

Who can do this

You can report previously undisclosed taxes on rental income to HMRC under the Let Property Campaign if you’re an individual landlord renting out residential property.

This includes you if you’re:

• renting out a single property
• renting out multiple properties
• a specialist landlord, eg student or workforce rentals
• renting out a room in your main home for more than £4,250 a year or £2,125 a year if letting the property jointly, ie above the Rent a Room Scheme threshold
• living abroad and renting out a property in the UK
• living in the UK and renting a property abroad
• renting out a holiday home even if you use it yourself

You can’t use this scheme to declare undisclosed income if you’re a company or a trust renting out residential property or if you’re renting out commercial property.

If you aren’t sure whether you need to disclose unpaid taxes under this campaign you can use this questionnaire to help you make the right decision about the action you need to take. You’ll answer a few simple questions and get guidance on what you need to do that is specific to your circumstances.

Case studies

There are many reasons why landlords may misunderstand the rules and so not pay the right amount of tax. Read examples of tax errors landlords make to see if you’ve misunderstood the rules. Whether your errors were due to misunderstanding the rules or you deliberately avoided paying the right amount, you should notify HMRC now rather than wait until they uncover the errors.

If you should disclose but choose not to

HMRC is targeting tax evasion by residential landlords. They’ll use information they have about property rental in the UK and abroad and other information they hold on customers to identify people who might not have paid what they owe.

If you don’t make a voluntary disclosure now and HMRC finds out later, you could get higher penalties and face criminal prosecution.

How to declare income

1. Read the guidance on making a disclosure.
2. Fill in a notification form now.
3. Fill in a disclosure form and pay what you owe no later than 3 months after you get the HMRC letter acknowledging your notification.

You can use a calculator to help you work out what you owe. There’s a different calculator if you need to tell us about more than 5 years of unpaid tax.

If you need more time to pay, you must call the helpline before your 3-month deadline.

Help and advice

You can:

• use HMRC’s letting a property e-learning course which includes information on different types of property income, how they’re taxed, key dates, record keeping and expenses
• read more about how to make a voluntary disclosure
• watch the video about HMRC campaigns

Call the Let Property Campaign helpline if you need advice.

Let Property Campaign helpline
Telephone: 03000 514479
From outside the UK: +44 3000 514479
Monday to Friday 9am to 5pm
Find out about call charges