HMRC have posted on their website the following:
“The Property Sales campaign was an opportunity for you to bring your tax affairs up to date if you have sold a residential property, in the UK or abroad, that’s not your main home. If you made a profit on this type of property sale but have not told HM Revenue & Customs (HMRC), you might not have paid the right amount of tax.
To take advantage of the campaign you needed to send HMRC your disclosure and pay what you owed by 6 September 2013.
Now the deadline has passed, HMRC is using the information it holds to target those who should have made a disclosure and failed to do so.
If you think you should have made a disclosure under this campaign but have missed the deadline call the Campaigns Voluntary Disclosure Helpline now. It will still be beneficial to tell HMRC as the penalties you will pay may be lower than if HMRC approach you first.
If you would like us to help you approach HMRC to disclose the sale of a property which they should have been told about before, we will help you every step of the way and advise you in advance what tax and interest you will have to pay, as well as helping you in dealing with penalty issues.