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HMRC prepares compliance campaign regarding second home disposals

In the coming months, HMRC will send 14,000 letters to individuals it believes made a taxable residential property disposal in the 2018/19 tax year without declaring it on their tax return.

The letter gives details of the information HMRC is attempting to check and asks recipients to consider whether they should have paid capital gains tax on the disposal. It advises them to either amend their return or use HMRC's digital disclosure service, if necessary.

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