Landlord Tax AuditEXAMPLE / 001
Landlord tax review
Fictional example · A landlord whose records need further review.
REVIEW STATUSEvidence required
FINANCIAL OUTCOMENot calculated
Expenditure records
Some invoices may need to be matched to the accounts.
See the supporting records to review
Invoices, bank records and the relevant accounts or returns.
Changes in property use
The use of a property has changed since earlier records were prepared.
See the supporting records to review
A timeline of use, tenancy records and relevant works documentation.
Earlier tax treatment
The records raise a question about how an item was previously treated.
See the supporting records to review
Earlier returns, supporting calculations and your accountant’s review.
What happens next?
- Bring the relevant records together and resolve missing information.
- A professional checks the facts, eligibility and any applicable claim requirements.
- Agree the scope, fees and proposed action before progressing further.
A review question is a starting point. The evidence and your full circumstances determine whether further action is appropriate.