Let Property Campaign

The Let Property Campaign is an HMRC disclosure scheme that allows landlords to correct undeclared rental income and regularise their tax position through a voluntary disclosure process.

A let property campaign disclosure is the formal process of reporting previously undeclared or incorrect rental income to HMRC, including calculation of tax, interest, and penalties.

You must review your rental income history, calculate tax owed, and submit a voluntary disclosure through HMRC’s Let Property Campaign or with help from a tax adviser.

It is for UK and overseas landlords, including accidental landlords, property investors, and individuals with undeclared rental income disclosure requirements.

HMRC may open an investigation, charge penalties and interest, and extend the review period for up to 20 years in serious cases of non-disclosure.

Let Property Campaign penalties depend on behaviour, timing of disclosure, and whether the error was careless or deliberate.

Yes. HMRC uses bank data, letting agent records, and property databases to identify undeclared rental income even many years later.

HMRC’s assessment time limits generally extend to four years where reasonable care was taken, six years where the error was careless, and up to 20 years where the non-disclosure was deliberate. Where undeclared rental income involves an offshore matter or offshore transfer, HMRC may assess up to 12 years, while the 20-year limit continues to apply to deliberate behaviour.

Yes. Overseas property owners with UK tax obligations must use the Let Property Campaign to correct any HMRC rental income disclosure issues.

You need to gather rental records, calculate liabilities, and submit a disclosure to HMRC often done with support from a specialist in HMRC Let Property Campaign help.