Jail for £1m Property Tax Cheating Pair

Two tax dodgers who sold over 50 properties have been jailed for over 4 years each for failing to declare £1 million in tax.

Mr Himat Chana, 59, of Ilford, Essex, and his associate Mr Madhu Bhajanehatti, 45, of London, sold dozens of properties over an eight-year period – which they did not declare to HM Revenue and Customs. In the process the pair evaded £991,000 in Capital Gains Tax. They were discovered by a specialist HMRC Property Tax Taskforce set up to attack fraud in this sector. 

They were both charged with Cheating the Public Revenue. Bhajanehatti admitted a £650,000 tax fraud, and Chana was convicted after trial of defrauding £341,000 in tax. The duo were sentenced today. Both got custodial sentences. Bhajanehatti got 50 months and Chana got 52 months, in prison.

Bhajanehatti was also ordered to pay back £190,000 in a confiscation order. If he doesn’t do so in under three months he will get a further 30 months in jail; and if further assets of his are identified in the future they could yet be confiscated. HMRC are currently pursuing Confiscation proceedings against Chana.

How Could Lynam Tax Investigation Specialists Help Me?
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