Let Property Campaign

To Let Signs

If you’re an individual landlord letting out residential property in the UK or abroad the Let Property Campaign gives you an opportunity to bring your tax affairs up to date.

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. 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:

  • Renting out a single property
  • Renting out multiple properties
  • A specialist landlord, e.g. 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, i.e. 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 get in touch with our Tax Team on 0161 249 5040

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