HMRC have launched an on-line tool to check if you need to tell them about rental income, whether that is from long or short term lettings. If you fail to declare rental income to HMRC when you should, you could be liable for penalties, interest and in some cases even prosecution. 

Click here to access the HMRC rental income checker.

Need help? Key One Property offer a fully managed service with detailed statements breaking down rents and expenses to help landlords complete their tax returns.