Posts tagged "Property118"
A terrace of brick houses covered in letting agents' To Let boards
Aug 5, 2026 Analysis

Property118’s tribunal win – it doesn’t help their clients; it looks vulnerable to appeal

We wrote in 2023 about a complex landlord tax avoidance scheme sold by an unregulated firm called Property118. HMRC subsequently opened enquiries into Property118’s clients, and determined that the firm should have disclosed the scheme. The First-tier Tribunal has just published a ruling on the narrow question of whether the scheme should have been disclosed […]
Property118 - a duff inheritance tax structure
Oct 6, 2025 Investigations

The problem with unregulated tax advisers: a scheme from Property118 that could cost clients £100k+

Most of the HMRC losses from tax avoidance aren’t from multinationals or billionaires – they’re from small businesses, who’ve often been sold disastrous schemes by unregulated advisers. It’s a mis-selling problem as much as a tax problem. This report presents one example – but the internet is full of many, many others. The media focus […]
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Oct 25, 2024 Analysis

Witness tampering from tax avoidance firm Property118?

HMRC has designated two structures used by the adviser ‘Property118’ as “tax avoidance schemes”. Property118 are appealing to a tax tribunal, and have asked their clients to provide witness statements. That’s perfectly normal. But what’s not normal at all is that Property118 are directing the content of the witness statements. It would be serious professional […]
From: Property118 no-teply@property118.com & Subject: HMRC Stop Notice - Capital Account Restructure - INTERMEDIARY Dete: 22 July 2024 at 12:25 To: 9g @taxpolicy.org.uk HMRC Stop Notice - Capital Account Restructure - INTERMEDIARY Dear We are compelled by law to provide every person we have marketed to as a Client, Promoter or Intermediary, with a copy of the attached Stop, received from HMRC on Wednesday 17th July 2024. We have defined an Intermediary as any person or business that may have been in a position to consider recommending the Capital Account Restructure, as described in the HMRC Notice (or similar), to cllents or other landlords, regardless of whether we conducted business together. Since we previously sent you a copy of our eBook, “The Ultimate Guide to Landlord Tax Pianning" you fall into this category.
Jul 22, 2024 Analysis

What to do if you received an HMRC stop notice from Property118?

Tens of thousands of people (including me!) just received this email from Property118, attaching a rather scary HMRC “stop notice” (PDF version here, or click on thumbnails below): We all received the email because we once downloaded an ebook from the Property118 website. What should you do if you’re in this position? Nothing. If all […]
t 1] E SHARING BEST PRACTICE proper y .S FOR UK LANDLORDS & PRS The Ultimate Guide to LANDLORD TAX PLANNING and transitioning between ownership structures
Jul 14, 2024 Analysis

Property118 – more hopelessly wrong tax advice for landlords

We have previously reported on a high profile unregulated firm called “Property118”, which promoted a series of landlord tax avoidance schemes. HMRC took action, and Property118 has resorted to asking their clients to make donations to fund their appeals. Despite this, Property118 continues to promote tax avoidance that doesn’t work and will land its clients […]
A dog inside a house on fire, saying "This is fine".
Feb 14, 2024 Investigations

Property118: more denial from tax avoiders who’ve been caught

Last year we revealed an inept and dangerous landlord tax avoidance scheme promoted by Property118 and Cotswold Barristers. They responded with a weird campaign of denial, threats and abuse. HMRC then started to investigate, but Property118 didn’t tell their clients. HMRC’s conclusion? Property118 had unlawfully failed to notify HMRC they were promoting a tax avoidance […]
Property118 and Less Tax for Landlords
Nov 28, 2023 Investigations

HMRC is likely investigating the two big landlord tax avoidance firms. What should their clients do?

We recently wrote about two landlord tax avoidance outfits: Less Tax for Landlords and Property118. They together advised thousands of landlords, and avoided £100m+ of tax; we believe both firms, and their clients, are now the subject of HMRC investigations. Property118 Property118 sell a scheme that involves landlords declaring a trust over their rental properties […]
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Nov 9, 2023 Investigations

What’s worse than a tax avoidance scheme? A badly implemented tax avoidance scheme.

We’ve reviewed multiple Property118 client files to investigate how they implement their tax avoidance scheme. We’ve found that the scheme is implemented so badly that our previous criticism is beside the point – a key drafting error means that the scheme fails immediately. It also appears that their clients receive templated “advice” which fails to […]
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Oct 13, 2023 Investigations

A TV property pundit and YouTuber promotes Property118’s tax avoidance scheme. What he doesn’t say: he’s been paid over £500k for facilitating it

UPDATED 21 July 2024: Bhattacharya filed a DMCA takedown notice to try to remove this video from the internet. US fair use and UK fair dealing rules means it’s not going anywhere. UPDATED 20 July 2024: in early 2024, HMRC notified Property118 that this was a tax avoidance scheme that should have been disclosed under […]

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