Tax Insider Tip: Landlord Tax Case: HMRC Disallows Expense Claim
HM Revenue and Customs (HMRC) could seek to disallow such expenses if there is insufficient evidence that the expenditure has been incurred, and may impose penalties for record-keeping failures.
In the November issue of Property Tax Insider, Mark McLaughlin highlights a tax case in which HMRC disallowed expenses and instead estimated a taxpayer’s in the absence of sufficient records.
As part of our 'three-free-issue' Property Tax Insider trial, you'll get this article plus 11 more delivered to your doorstep.
Go here to learn more:
>> Landlord Tax Case: HMRC Disallows Expense Claim