A recent Fraud Case involved a Builder who purchased a house for himself, and a house for his mother; these properties costing approximately £150,000 each.
Both properties were valued at £750,000; and put up for sale.
HMRC could not understand how someone only earning £20,000 per year had managed to turn 2 dilapidated properties into luxury properties. Where did the money come from?
On investigation it was found that the Builder was trading in “cash deals” and not declaring them.
He was found guilty of Revenue Fraud for £240,000 and sent to Prison.