Following a detailed review of the circumstances, we advised that a disclosure under the Let Property Campaign would be the most appropriate solution.
We were approached by a mother and son who, over several years, had undeclared income from residential and commercial property lettings, lodgers, self-employment and investments, with neither having submitted tax returns during this time.
The disclosure process was complicated by incomplete records of income, expenditure and periods of occupancy over the relevant years.
A more significant challenge however, was the son’s severe anxiety, which made the process extremely daunting for him.
He required frequent reassurance, and clear, detailed explanations of our conclusions, proposed actions and the potential implications from HMRC.
The case required a patient, tailored approach, with sensitivity to the client’s specific needs.
Through clear technical advice and focussed strategy, we built the clients’ trust and alleviated their stress.
Importantly, the disclosure was accepted by HMRC without challenge, which was greatly appreciated by the clients.