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Income tax & CGT fraud

Appointment Type: Expert advisor

Service Area: Criminal and Regulatory, Fraud

Industry: Real Estate and Property

Litigation Type: Criminal

Size of Case: Under £100,000

Defendant in the matter was subject of an HMRC investigation. That investigation identified that the defendant had not declared rental income earned from her portfolio of 10 properties whilst being in receipt of state benefits since 1994. No tax returns had been submitted in respect of the rental income or capital gains on properties that had been sold. The Crown calculated that the defendant had received approximately £600k in rental income for the period under review and that there was £180k of unaccounted for cash/cheque deposits. Total tax evaded was estimated to be c.£34k. We were asked to estimate the defendants liability to income tax/CGT following analysis of her bank accounts and documents relating to her property portfolio.