Income from Let Property Disclosure
Request a call back
Place your confidence in Karia Accountants. Submit your details for a free telephone consultation.
01332 492 101
How Karia Accountants Can Help You Regularise Your Rental Income
If you have received rental income that has not been fully declared to HMRC, the Income from Let Property Campaign (ILPC) provides an opportunity to put matters right in a controlled, cost-effective, and far less stressful way.
Karia Accountants has helped many landlords successfully disclose undeclared rental income, minimise penalties, and bring their tax affairs fully up to date — often avoiding the far more severe consequences of an HMRC investigation.
What is the Income from Let Property Campaign?
The Income from Let Property Campaign is an HMRC disclosure facility designed specifically for:
-
Individual landlords
-
Joint owners
-
Overseas landlords with UK rental income
It allows taxpayers to voluntarily disclose previously undeclared or under-declared rental income and pay the correct tax, interest, and penalties.
HMRC reference:
HMRC Let Property Campaign guidance (Property Income Manual & disclosure guidance)
Why making a voluntary disclosure is usually the best option
Coming forward before HMRC contacts you offers significant advantages.
Key benefits of using the Let Property Campaign
✔ Lower penalties Penalties for voluntary disclosures are significantly lower than those applied after HMRC discovery or enquiry.
✔ Control and certainty You calculate the tax position first, rather than HMRC estimating (often incorrectly and aggressively).
✔ Avoidance of formal investigation A voluntary disclosure is usually dealt with without a full tax enquiry.
✔ Payment planning In many cases, HMRC will accept time-to-pay arrangements if the liability cannot be settled immediately.
✔ Peace of mind Once accepted, your disclosure closes the issue for the periods disclosed.
Karia Accountants ensures the disclosure is made accurately, clearly, and with supporting evidence, reducing the risk of HMRC follow-up questions.
Common situations we see
Karia Accountants frequently assists landlords who:
-
Started renting property years ago and never registered for Self Assessment
-
Declared some rental income, but not all years
-
Missed income from overseas property
-
Incorrectly claimed expenses
-
Assumed “HMRC would never notice”
-
Inherited property and did not realise tax was due
HMRC now has access to extensive third-party data (including land registry, letting agents, mortgage data, and overseas information exchange), making non-disclosure increasingly easy to identify.
What we do next (behind the scenes)
Karia Accountants will:
-
Register the disclosure with HMRC
-
Prepare rental income calculations for each tax year
-
Calculate tax, interest, and penalties correctly
-
Draft and submit the disclosure report
-
Deal with HMRC correspondence
-
Advise on payment or time-to-pay options
-
Bring you fully up to date going forward
We ensure the disclosure is technically correct, clearly explained, and supported by evidence.
What happens after the disclosure?
Once HMRC accepts the disclosure:
-
The disclosed years are settled
-
You move forward on a compliant footing
-
We ensure you are correctly registered for Self Assessment
-
We can also assist with Making Tax Digital (MTD) readiness where applicable
Many clients tell us the biggest benefit is simply the relief of knowing the issue is resolved.
Why choose Karia Accountants?
✔ Extensive experience with HMRC disclosures
✔ Calm, confidential, and practical approach
✔ Fixed-fee certainty
✔ Strong technical knowledge of property taxation
✔ Ongoing support after disclosure
We deal with HMRC so you don’t have to.
Take the first step
If you are concerned about undeclared rental income, doing nothing is usually the worst option. A voluntary disclosure through the Income from Let Property Campaign is often the safest and most cost-effective route.
Karia Accountants can help you take control, reduce penalties, and move forward with confidence.
