By Tony Booth

In recent months, investigations have steadily been gaining momentum - and HMRC are now set to pounce on tens of thousands of offshore account holders.

If you have yet to fully declare money acquired through owning a property abroad, do it now, before they come knocking on your door.

One of the reasons it is worth acting now rather than later is the Revenue are expected to offer a new partial amnesty to people with money they have not yet declared in offshore accounts, but the offer is likely to be short lasting.

They are already preparing for a massive swoop on investors - and are currently laying the foundations down for it by asking scores of banks and other financial institutions to pass on the private details of customers' offshore accounts.