Long time Undeclared Income

Long time Undeclared Income

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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.

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By duncanedwards
12th Feb 2015 18:13

I believe the answer to your question is 20
years.

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