A Hampshire property investor who failed to declare Capital Gains Tax from the sale of properties evading £157,725, has been jailed for two years and three months.
Richard Fuller, 53, was arrested at Gatwick Airport back in October 2014 after a holiday to Turkey.
An investigation by HMRC revealed that between 2006 and 2013, he didn’t declare profit gained from selling properties in the Aldershot area.
Fuller was found guilty of cheating the public revenue and fraud by false representation and has been jailed for two years and three months at Winchester Crown Court.
HMRC says confiscation will be sought to recover the proceeds of his crimes.
“Fuller thought he was above the law and decided not to declare or pay the tax due from the sale of some of his property portfolio. It is simply not acceptable to steal from UK taxpayers” explains Richard Wilkinson of HMRC’s Fraud Investigation Service.
“We ask anyone with information about suspected tax fraud to contact our Fraud Hotline on 0800 788 887.”
A forecast suggests HM Revenue & Customs will rake in no...
Some sellers are suffering cash flow issues as a result of...
A record £8.2 billion was paid in Capital Gains Tax in...
A leading accountant is warning of a possible stamp duty change...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
MPs have launched an inquiry on improving the home buying and...
MPs have launched an inquiry on improving the home buying and...
The Law Society is facing backlash from conveyancers after issuing new...
An anti-money laundering (AML) expert has queried why there is a...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you and what does it say on your...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment