Landlords: Taxation

Treasury written question – answered on 16th July 2020.

Alert me about debates like this

Photo of Stephen Timms Stephen Timms Chair, Work and Pensions Committee, Chair, Work and Pensions Committee

To ask the Chancellor of the Exchequer, what his most recent estimate is of the tax revenues lost through residential landlords failing to declare their rental income.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The information requested is not available as HM Revenue and Customs (HMRC) does not make a separate estimate of the proportion of the total tax gap attributable to residential landlords.

However, HMRC does estimate the tax gap arising from individuals in employment who have not declared and therefore not paid tax on lettings income. The latest estimate of this tax gap was £540 million for the tax year 2018-19.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.