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Property tax
macaque_2
Posts: 2,439 Forumite
Property tax is easier to overlook/evade than other forms of tax. It would be interesting to know how many people exploit this. The poll allows you to tick more than one box.
If you have made money from property have you declared everything to the tax man? 5 votes
Yes
80%
4 votes
I have not declared some income
0%
0 votes
I have not declared some capital gains
0%
0 votes
I am not sure and prefer it that way
20%
1 vote
0
Comments
-
Well well well! 45 hits and only one vote. I guess it is quite a scary question.0
-
I originally posted this on August 17th. In response to the question: "If you have made money from property have you declared everything to the tax man?" Three people answered yes, no one answered no and no one answered not sure.
For those of you were unsure of how to answer this question (and it seems there were many) there is good news. The tax man is coming to knock on your door and find out for himself.
http://www.telegraph.co.uk/finance/personalfinance/investing/3073545/Taxman-to-knock-on-landlords-doors.htmlUp to one million landlords could get a knock on the door from the taxman as part of a Government drive to track down those who do not pay enough tax.
If you need money to settle fines and back taxes, perhaps you might sell the properties to FTBs at a discounted price. After all they are ones you hurt when you paid too much in the first place.
P.S. Thanks to Carolt for flagging up this link on the house price forum.0 -
I can't see any BTL-er openly admitting their black-heart tax swindling ways on a forum tbh.
Although this crack-down is likely to put the frighteners up them.0 -
Are you still beating your wife?Well well well! 45 hits and only one vote. I guess it is quite a scary question.After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0
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