Jessica Fino 11 Aug 2017 03:37pm

Landlord jailed for tax evasion

A landlord has been jailed for evading £157,725 after failing to declare capital gains tax from the sale of properties

Richard Fuller was jailed for two years and three months after an investigation by HMRC found that he didn’t declare the profit gained from selling properties in the Aldershot area between 2006 and 2013.

The landlord from Hampshire had been arrested at Gatwick airport in 2014 after a holiday to Turkey.

He was found guilty of cheating the public revenue and fraud by false representation last month, and was jailed for two years and three months at Winchester Crown Court on Friday.

In sentencing him, Judge Andrew Barnett said, “The jury found you guilty of dishonesty. This is a serious matter, you deliberately failed to pay your capital gains tax over several years.”

Richard Wilkinson, assistant director at HMRC’s fraud investigation service, said, “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.

“HMRC will continue to pursue those who attempt to hide their gains on assets, their income, and investigate those who attack the tax system.”

The Revenue said it had discovered the evasion thanks to its property taskforce campaign and referred criminal investigations. HMRC will now seek to recover the proceeds of Fuller’s crimes through confiscation.