Tax clamp down for buy-to-let landlords

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Those residential landlords who have not yet signed up with HMRC should act quickly and notify their existence to the tax authorities under the current general amnesty arrangement. If they fail to do so, then they may well find that their details have already been advised to HMRC under the Tenancy Deposit Protection regime, which became law over a month ago, and may double up as another method for clamping down on those who fail to declare their UK rental income.

Deposits received by landlords after April 6 must be registered with one of three government approved agencies who run the scheme, and additionally the agencies also have to perform money laundering checks on landlords. It is not clear how the information provided by the Deposit Proctection regime will square up under the Data Prot...

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