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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