Remember: Knowledge is power and therefore the more you know about the Inland Revenue, the better it is for you.

Rather than trying to avoid the Inland Revenue it is far better to get clued up on its workings so you can stay one step ahead - it could save you a lot of money and help you to avoid unnecessary fines in the long run.

What Tax Returns Must I Complete if I Have Land & Property?

If you are an investor, then you have to declare the income you have gained from land and property by filling out a self-assessment tax return which incorporates a Land and Property supplement.

If at a later date you dispose of your investment then you must also complete the Capital Gains Tax supplement.