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On 29 November 2024, HMRC launched a One to Many letter campaign aimed at individuals registered for Self Assessment who may have undeclared income from rental properties. This campaign specifically targets the "Moonlighter" population, referring to those suspected of earning additional income as landlords without proper declaration.
The letter urges recipients to:
Make a disclosure using HMRC’s online disclosure portal if they have undeclared income.
Confirm they have no income to disclose if the suspicion is incorrect.
Below, we’ve highlighted key wording from HMRC’s letter to help landlords understand their obligations and encourage compliance.
Key Messages from HMRC’s Letter
“You may need to declare income from property”
"We have information that shows you’ve received income from property lettings. You may have to pay tax on your income from property if you:
let out property
are a landlord
have been a landlord.
If you haven’t told us about this income, you may owe tax. We know tax can be complicated, so we want to help you get it right."
This section makes it clear that HMRC possesses data linking individuals to rental income and emphasises the legal obligation to report it.
Disposal of Property
"If you’ve disposed of property that you received rental income from in the past, you need to make sure you’ve declared it to us. You may have to pay Capital Gains Tax. For more information about this, go to GOV.UK and search ‘Capital Gains Tax’."
This part addresses landlords who may have sold properties previously used for rental purposes, reminding them of their potential Capital Gains Tax obligations.
Why Are Landlords Being Targeted?
Rental income has been a focal point of HMRC’s compliance checks in recent years. With increased access to third-party data sources such as property listings, HMRC can identify discrepancies between declared income and potential earnings.
How Can We Help?
At Tax Dispute Experts, we specialise in supporting landlords who are facing HMRC investigations or compliance checks. Whether you’ve received a One to Many letter or have broader concerns about your rental income tax obligations, we provide:
Personalised advice tailored to your situation.
Assistance with HMRC disclosure submissions to ensure everything is reported correctly.
Expert representation if HMRC begins a formal inquiry into your tax affairs.
Don’t let an HMRC letter become a source of stress. Contact us today for professional support and peace of mind.