Essex Property Developer Jailed for Tax Fraud

An Ilford developer who bought and sold properties without paying tax on the profits has been jailed for two years today, for tax evasion.

Mr Shazad Hussain, aged 31 of Ilford in Essex, was caught after the Metropolitan Police searched a family address in October 2010 on an unrelated matter and found over £104,000 in cash. They passed the information on to HM Revenue and Customs: and the taxman launched his own criminal investigation.  HMRC’s Criminal Taxes Unit discovered that Hussain had not declared income from 14 property deals between July 2003 and May 2008 – and had evaded income tax of £234,000.

He was charged with three counts of Common Law Cheat. He pleaded guilty and was sentenced to two years in prison.

Lynam Tax Investigation Experts have a vast amount of practical experience in managing serious tax fraud investigations.  If you are worried about a tax investigation we can advise you on the best course of action.  If appropriate, we can help you manage any necessary disclosures.  If you are facing criminal charges we can help you obtain first class legal representation, in order to obtain the optimum outcome for you, your business and your family.

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