A landlord who evaded over £150,000 in Capital Gains Tax from the sale of properties has been jailed for two years and three months at Winchester Crown Court (pictured, right).
Following an investigation by HMRC, Richard Fuller was found to not have declared tax due on capital gains made on properties he had sold in and around Aldershot in Hampshire between 2006 and 2013.
Last week Fuller was sentenced to the jail term following a trial in July – he was arrested at Gatwick Airport in October 2014 after returning with his family from a holiday in Turkey.
“The jury found you guilty of dishonesty. This is a serious matter, you deliberately failed to pay your Capital Gains Tax over several years,” said The Recorder of Salisbury His Honour Judge A J Barnett.
The 53-year-old had been found guilty by a jury of two counts of Cheating the Public Revenue and three counts of Fraud by False Representation to the tune of £157,725.
The HMRC says the fraud was discovered by its property task force and then referred for a criminal investigation. The outstanding tax due by Fuller will now be recovered through confiscation proceedings.
“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,” says Richard Wilkinson, Assistant Director, Fraud Investigation Service, HMRC.
“We will continue to pursue those who attempt to hide their gains on assets, their income, and investigate those who attack the tax system.
“We ask anyone with information about suspected tax fraud to contact our Fraud Hotline on 0800 788 887.”