Are You at Risk from HMRC Spotlight 63? | Kennedys Accounting

Are You at Risk from HMRC Spotlight 63? | Kennedys Accounting

Find out whether you could be affected by HMRC Spotlight 63. Expert advice for landlords and property investors from Kennedys Accounting. Book your confidential consultation today.

If you’re a landlord or property investor, you could be affected by HMRC Spotlight 63 if you’ve used, or been advised to use, certain hybrid partnership arrangements to reduce tax.

You may be at risk if you have:

• Transferred property into a Limited Liability Partnership (LLP).
• Introduced a limited company into your property ownership structure.
• Been advised that a hybrid partnership could reduce Income Tax, Capital Gains Tax (CGT) or Inheritance Tax (IHT).
• Entered into a property tax planning arrangement that promised significant tax savings.

HMRC has made it clear that it believes these arrangements do not achieve the tax advantages being promoted and may seek to recover additional tax, interest and where appropriate, penalties.

Unsure Whether HMRC Spotlight 63 Applies to You?

All landlord’s circumstances are different, so it’s important to seek specialist advice before making any decisions about your property structure.

At Kennedys Accounting, we specialise in HMRC Spotlight 63 and provide expert advice to landlords and property investors. We can review your property structure, explain whether you may be affected by Spotlight 63 and help you identify the most appropriate way forward.

Book your confidential Spotlight 63 consultation with Kennedys Accounting today and receive clear, practical advice from experienced property tax specialists.

Get in touch – info@kennedysaccounting.uk or call us on 01233 539501.