I have just received an enquiry from a potential client who has ignorantly not declare rental income from view properties owned for almost 15 years at a several stages. For example 1 property bought and rented out since 2003,another since 2005 and 2010, with the recent abroad in spain. I have roughly prepare him for big payout and possibly nothing less than 7 years.
Could anyone please enlighten us more. I know you are required 6 years record keeping but how much or many more could he ask, please somebody.
Thanks