May 23rd, 2014 / Insight posted in MKS Comments

HMRC’s online tax training for landlords: Lynne Rowland comments

Following the news that HMRC will provide online tax training for landlords, Lynne Rowland, personal tax partner at Kingston Smith LLP, comments: “Any assistance given to taxpayers to ensure that they fully understand their obligations is welcome. This is another of the HMRC’s targeted approaches to collect taxes that they believe are not being paid in a particular sector. The reality is that many landlords let out property jointly and have mortgages and other deductible expenses that result in little or no tax actually being paid.  Where they often fall foul of the law is in failing to disclose the source, even where there is no tax due.”