As a landlord letting a residential property you are required by the Housing Act 2004 to protect deposits provided by tenants on assured shorthold tenancies, by using a deposit scheme.
The not-for-profit companies that run these schemes will provide details of their customers to HMRC or to any other Government department that requests the information.
HMRC has recently received a large sample of data from deposit schemes and has compared the information to the amounts of rent reported on landlords’ tax returns for 2020/21. As a deposit usually represents four…
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