Property taskforce targets the North West

A new taskforce launched by HMRC is now tackling people trying to dodge property tax in the North West and North Wales.  The taskforce, which aims to recover £5m, is targetting people who have sold one or more properties and have not paid CGT or disclosed rental income.  So far the HMRC's property crackdown, which has seen similar taskforces set up in London, the South East and Yorkshire, has recovered more than £12m "HMRC taskforces are deployed in sectors and areas where we've detected a high risk of tax evasion.  For example, in a previous property taskforce in London in 2013 we uncovered a barrister who had evaded £471,512 in unreturned capital gains", Jennie Granger, Director General of Enforcement and Compliance at HMRC, explains.  In the Telegraph Matthew Lynn writes that tax campaigns targeting landlords are too heavy handed and that people should be encouraged to profit from buying and letting property.