Sorry if ive posted in the wrong section.


A potential new client has come to me to disclose undeclared rental profits going back as far as 2003 on a residential property.  In principal tax is payable for all years concerned.


My net taxable income as a sole trader is 43K

My personal allowance is (say) 8K

Will I be liable for tax at the 40 % rate or at the 20% rate ?

Thank you.



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