You can report previously undisclosed taxes on rental income to HMRC under the Let Property Campaign if you’re an individual landlord renting out residential property.

This includes you if you’re:

• renting out a single property
• renting out multiple properties
• a specialist landlord, eg student or workforce rentals
• renting out a room in your main home for more than the Rent a Room Scheme threshold
• living abroad and renting out a property in the UK
• living in the UK and renting a property abroad
• renting out a holiday home even if you use it yourself

You can’t use this scheme to declare undisclosed income if you’re a company or a trust renting out residential property or if you’re renting out commercial property.

We at Rashid Chartered Certified Accountants can help you with the disclosure. Please call for more information

Source: Let Property Campaign – Gives landlords the opportunity to bring their tax affairs up to date if they’re letting out residential property