Private landlords evading £550 million of tax

by Aaron Strutt

Nov 16 2012

Buy-to-let and other private landlords are evading around £550 million in tax due on their rental income, according to a story in The Independent newspaper. HMRC’s figures show that there are more than 1.9 million private landlords in the UK.

A reported £1.8 billion of tax is collected on rental income and 23 per cent of tax is being evaded. The story quoted an HMRC spokesman explaining that lettings are a key area where they are losing money. He said: “It is an area where people try to cheat us.”

November 16, 2012