The Let Property Campaign, which began Autumn 2013, is a current initiative run by HM Revenue and Customs, and gives landlords the opportunity to come forward and disclose past undeclared rental profits.
Although this campaign is an opportunity for landlords to come forward, we must stress that this DOES NOT mean that HMRC will cease enquiring into landlords' tax affairs during this period or after, for those it suspects have undeclared rental income. It is therefore of significant importance that if you do have undeclared rental income, you should come forward to HMRC before they come to you.
The above video was filmed a few years ago. There have been a few minor changes to the rules since then.
HMRC sending letters to unsuspecting landlords and property investors
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