Tax on 2nd property

ticn99

New Member
Messages
3
I ended up as an unexpected landlord when the economy crashed. I bought a house for a family of 5 and my 2 bed apartment never sold,
I've never declared tax on the rental. If I was to declare it now would I have to pay back tax on it or just start paying from now?

Thanks
 

Leo

Moderator
Messages
10,250
You will have to pay back tax, and likely penalties on top, but the penalties may be worse if you don't declare and they find out later.
 
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