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HMRC Deadlines on Rented Property

The HMRC have given a deadline to all property owners who received a rental income either here in the UK or abroad.

This applies to any property that is not a main residence, including holiday homes. They have pledged to crack down on any buy-to-let property owners who are trying to get away with capital gains tax avoidance.

Marian Wilson, head of HMRC campaigns, said:

“Some people will not understand that selling a second home, a holiday home or a property disposed of as a gift could attract Capital Gains Tax”.

HMRC can find out about sales of property from land registry records, advertising, changes in reporting of rental income, stamp duty land tax (SDLT) returns, capital gains tax (CGT) returns, bank transfers and other ways.

People have until August 9 2013 to tell HMRC about any unpaid capital gains tax on property sales and must pay any tax owed by September 6.

Until this date, fines will be smaller for those who haven't paid their tax. It is hoped this will encourage more landlords to come clean. Marian Wilson advises: "It is better to come to us before we come to you.

After the opportunity closes on 6 September, HMRC will use information it holds about property sales in the UK and abroad to identify people who have not paid what they owe. Penalties or even criminal prosecution could follow.

People don't need to be concerned about the sale of their main home, which is usually exempt from CGT. If you have any questions on this or other aspects on rental management then please contact:

Move On 01202 711169 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Gas Flu Inspection Hatch in Rented Properties

As of 1st January 2013, all rented properties that have a gas central heating boiler flue that has either been fitted hidden in the ceiling space or fitted away from an external wall must now be fitted with an inspection hatch.

If your boiler is situated on an outside wall it is unlikely that you have this type of flue and if you can see the entire flue it will not affect you, your gas engineer will be able to tell you. All gas engineers must now be able to inspect the whole length of the flue, in line with industry guidance. If they are unable to fully inspect the flue it must be deemed at ‘At Risk’ (recommending to not use)and the engineer will ask for consent to turn it off.

You are within your rights to refuse permission for it to be turned off; however you will be asked to sign paperwork to confirm you accept responsibility for those defects identified in the system – which would be the possible leak of carbon monoxide escaping unnoticed from the concealed flue into the property. You may be able to go back to the builder if it is less than two years and look to the home warrantee if less than 10 years.

What it does mean is the gas engineer will not be able to provide a Gas Safety Certificate until an inspection hatch has been fitted and they have inspected the whole flue and as a landlord you must by law have a Gas Safety Certificate in place to rent a property out and this must be renewed every year.

If you have any questions on this or other aspects on rental management then please contact:

Move On 01202 711169 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

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