Expert HMRC Tax Disclosure Services in London
What is the Let Property Campaign?
The Let Property Campaign is an HMRC initiative offering individual landlords—those who rent out residential property in the UK or abroad—the chance to bring their tax affairs up to date. It allows landlords to declare previously undisclosed rental income in a straightforward and lenient way, securing the best possible terms for any tax owed.
Excluded
This campaign excludes companies and individuals renting out commercial properties.
Why Has HMRC Launched This Campaign?
According to HMRC, although there are nearly 1.5 million residential landlords, only around 500,000 individuals declare rental income through their Self-Assessment tax returns. This significant discrepancy led to the creation of the Let Property Campaign.
How HMRC will Get Your Data:
HMRC now uses its sophisticated CONNECT data system, cross-referencing information from:
- Land Registry records
- Tenancy deposit schemes
- Letting agents
- Council tax databases
- Bank Account Analysis
This means that landlords with undeclared income are more likely than ever to be caught and face higher penalties and even public naming in certain conditions.
Benefits of Voluntary Disclosure
If you come forward voluntarily under the LPC:
- You avoid harsher penalties
- You’ll often pay less tax than expected
- You’ll gain peace of mind knowing you’re compliant
You’ll avoid being issued with a prompted disclosure letter, which can result in significantly higher penalties
We’ve found that many clients overestimate their potential tax liabilities—and are pleasantly surprised once proper calculations are done.
Disclosure Process
Seek Specialist Advice
Before beginning, consult a tax professional to assess your situation and understand the financial implications.
Notify HMRC
Declare your intention to disclose using the online notification form or by calling HMRC.
Make a Full Disclosure
After notifying HMRC, you have 3 months to:
Complete and submit the Let Property Disclosure form
Pay any tax owed, including interest
Include a fair and accurate penalty offer
Note: You have 30 days to respond if you receive a prompted disclosure letter from HMRC.
Penalties and Interest
Voluntary disclosures often attract the lowest penalty rates, sometimes as low as 0%-20% depending on circumstances.
Prompted disclosures—where HMRC contacts you first—lead to significantly higher penalties.
Interest is charged from the date the tax became due until full payment is made.
Incomplete or inaccurate disclosures may incur even higher penalties or lead to further investigation.
Why Work with Us?
At Wingate Accountants Ltd, we’ve successfully assisted many landlords in:
Navigating the LPC process smoothly
Minimising penalties and tax liabilities
Handling communications with HMRC
We understand the fear and hesitation some landlords have, but they are relieved and satisfied after the process is complete.
Accountants for Landlords :
We have taken on many cases that were previously mishandled by other accountants. In several instances, landlords came to us after receiving incomplete advice, incorrect disclosures, or simply poor service.
We resolved their tax issues professionally, ensuring accurate submissions under the Let Property Campaign.
Many of these landlords were so satisfied with our expertise that they have since become long-term clients. We now manage their annual Self-Assessment tax returns and provide ongoing compliance support year after year.
Our track record speaks for itself—we don’t just help with disclosures, we build lasting client relationships grounded in trust, expertise, and consistent support.
Act Now—Before HMRC Contacts You
If you are a landlord with undeclared rental income, don’t wait. The Let Property Campaign is still open but won’t last forever in its current form.
HMRC is ramping up efforts to identify non-compliant landlords.
Letter from HMRC:
If you have received a letter from HMRC about rental income then don’t stress out and speak with our Tax Investigations Expert team and we will love to assist you.
Contact Us:
Contact us today for a confidential consultation. Fill up the form below and our dedicated Tax Investigation Team will contact you for a full confidential initial consultation.
