A national accountancy firm says HM Revenue & Customs has discovered huge numbers of landlords avoiding paying tax – as many as 14 landlords per 100,000 population in some locations.
UHY Hacker Young, analysing data from the HMRC Let Property Campaign, says London commuter towns make up all the top five hotspots for tax avoidance by buy to let landlords .
Ilford had the highest number of landlords per capita in the country admitting that they have underpaid the tax on their property income in the last year (14.3 landlords per 100,000 people).
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