http://www.telegraph.co.uk/news/main...30/nrent30.xml
Buy-to-let landlords were warned yesterday that they could face reprisals from the tax man over their failure to pay enough tax on their investments.
Revenue & Customs can claw back unpaid tax from as far back as six years ago
Officials from the Revenue & Customs department warned that an estimated 80,000 landlords could be liable to pay extra tax on their buy-to-let rental income - many because they have incorrectly assumed that they can offset the full cost of a repayment mortgage against their profits for tax purposes.
Milan.
Buy-to-let landlords were warned yesterday that they could face reprisals from the tax man over their failure to pay enough tax on their investments.
Revenue & Customs can claw back unpaid tax from as far back as six years ago
Officials from the Revenue & Customs department warned that an estimated 80,000 landlords could be liable to pay extra tax on their buy-to-let rental income - many because they have incorrectly assumed that they can offset the full cost of a repayment mortgage against their profits for tax purposes.
Milan.
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