Taxman pursues britons hiding holiday rent on overseas homes

A team of HM Revenue and Customs inspectors is looking at people with second homes in France, Spain and other holiday destinations to see if they are cheating the taxman.

The inspectors have been told to claw back £560million in lost revenue by 2015.

The 200-strong team will be scrutinising advertisements placed by second home owners in magazines and on the internet. They will be looking for undeclared holiday rents and leased office space.

They are also checking overseas land registers to identify taxpayers with properties abroad.

Source: Telegraph.co.uk