If you are a landlord who has received rental income but not declared it to HMRC, the Let Property Campaign (LPC) offers an opportunity to bring your tax affairs up to date on favourable terms.
At Vision Accounting, we have extensive experience supporting landlords through the LPC process. Whether your undeclared income spans a single tax year or several decades, our team provides discreet, accurate and effective guidance to help you achieve full compliance while minimising penalties.
What is the Let Property Campaign?
The Let Property Campaign is an HMRC disclosure initiative aimed at individual landlords who have failed to declare rental income. It allows landlords to voluntarily disclose unpaid taxes on more favourable terms than if HMRC discovers the omission independently.
Timely and accurate disclosure through the LPC can significantly reduce penalties and interest, while avoiding the risk of a formal investigation.
Who Can Use the LPC?
The campaign is open to a wide range of individual landlords, including:
- Private individuals letting residential property
- Accidental landlords and first-time landlords
- Owners of inherited property generating rental income
- Individuals letting out property on Airbnb or other short-term platforms
- UK-based landlords with overseas income, and vice versa
- Rent-a-room landlords exceeding the annual exemption
Please note: the scheme is not available to companies or trusts.
Our Expertise
Vision Accounting Services has supported numerous landlords across varying levels of complexity and delay. Whether your disclosure relates to one property or a portfolio, one year or twenty, our tailored approach ensures:
- A full review of your historic income and allowable expenses
- Accurate tax calculations and identification of savings opportunities
- Preparation and submission of the HMRC LPC disclosure
- Direct negotiation with HMRC, including penalty reduction where applicable
- Ongoing advice and support until full resolution
Why Choose Us?
- Over 20 years of experience in tax and disclosure matters
- Proven track record of achieving reduced penalties and interest
- Discreet, confidential and professional handling of sensitive cases
- Offices in Croydon and Morden, serving clients across London, Surrey and the UK
- Friendly, knowledgeable support from a dedicated point of contact
Take the First Step
If you have undeclared rental income, the sooner you act, the better the outcome. Contact us today for a confidential consultation.