A property landlord who didn’t declare the Capital Gains from the sale of properties has been jailed for two years and three months, after an investigation one of HMRC’s Tax Taskforces.
Richard Fuller, aged 53, from Hampshire sold a number of properties in the Aldershot area: but did not declare the sales to HMRC: evading £157,725 in Capital Gains Tax. His tax evasion was uncovered as part of HMRC’s Property Taskforce project, and was selected for criminal investigation.
The HM Revenue and Customs investigators discovered that, between 2006 and 2013, he didn’t declare profits from selling a number of properties in the Aldershot area. He was arrested at Gatwick Airport in October 2014 after a holiday in Turkey.
Fuller was found guilty of cheating the public revenue and fraud by false representation, and was jailed for two years and three months at Winchester Crown Court on 11 August 2017.
HMRC have commenced Confiscation proceedings to recover the lost tax.
HMRC Tax Taskforces target specific sectors where they feel there is a high-risk risk of tax being evaded. Since May 2011, HMRC have launched more than 140 taskforces – which have collected more than £540 million in tax, interest, and penalties.
How Could Lynam Tax Enquiry Experts Help Me?
We have decades of extensive practical experience in managing tax disclosures and tax fraud investigations. If you have irregularities in your tax affairs we can advise you on your best course of action. If appropriate, we will help you with any disclosure. If you are already under criminal investigation we can assist in the preparation of the defence case. We can help get the best possible outcome for you, your business and your family.
*For a free, private, no obligation consultation, call
Paul Lynam: 0845 643 9997
Andrew Nutbrown: 07718 778710