Have you filed your tax return for 2013/14 for your property income; if not, you might be one of the 900,000 landlords that HMRC are about to write to and threaten with prosecution.

Many landlords have not registered for self-assessment and have not filed tax returns. It might be that they've become landlords by accident or believe that they're making losses, but you still have to file your accounts and tax returns.

If this applies to you or anyone you know, the good news is that by making a voluntary notification and disclosure, HMRC are promising to reduce the penalty and interest that you pay.

To reduce your tax, penalty and interest even further, then using a proactive accountant to ensure that your profits from property are not a penny higher than they should be is vital.

Contact us on info@property-tax-advice.co.uk or 01249 816810 for more details