We were approached by an individual who had been selected for enquiry by the HMRC Hidden Economy Team based on information they regularly receive from Local Authorities about Housing Benefit payments.
The individual had over 20 properties all of which had been funded from increase in capital growth of the other properties or the personal residence.
HMRC believed that there was significant tax at risk.
Using a variety of methods were were able to show how all of the properties had been purchased and how the rental business had made very little profit over an 8 year period.
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"We understand that people sometimes make mistakes in their dealings with HMRC and that HMRC make mistakes in dealing with taxpayers. Many people do not know how to deal with HMRC or who to turn to for help resolve the tax dispute.
Our firm of tax advisors specialise in resolving people's problems with HMRC. We have extensive expertise in dealing with all forms of tax investigations and tax disputes as well as with taking matters to the Tax Tribunal where agreement cannot be reached.
We deal both directly with the individual who is under enquiry and also work with many firms of accountants supporting them in dealing with HMRC disputes and advising them on how to handle HRMC to get the best result.
The fact is that proper management of HMRC is the best way of reducing the tax, interest and penalty as well as the time taken in resolving any tax dispute.
Our expert team are none judgemental and rigorously defend your position within the scope and parameter of the law. We take control and manage the process to minimise the interruptions that any form of tax investigation causes to an individual's life and business."