The Progressive Property Podcast HMRC Connect AI Audit
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HMRC is cracking down harder. They are hiring 1000s more staff and using AI tools and data mining in their investigations, which is catching a lot of property professionals out.
Today, Sean deep dives into the subject, so you don't have to. He explains what HMRC¨s new surveillance system is, how it is going to potentially impact your business, and what you can do in your business to survive the onslaught and thrive.
If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast
KEY TAKEAWAYS
HMRC is massively stepping up their game.
HMRC´s Connect system scans everything—your property deals, bank moves, whether you drive an expensive car, even your socials.
The era of low scrutiny is over. Assume HMRC sees it all.
People are getting caught - particularly property investors. Sean shares several eye-watering real-world examples.
Audit yourself before HMRC does.
Digitize everything and keep your accounts clean.
The system already knows, hiding it doesn't make it invisible. It just makes it suspicious, and you'll receive a larger penalty when the Connect system finds out.
The smart property professional adapts and keeps growing. They know that tax follows profit and profit follows structure.
BEST MOMENTS
"HMRC are cracking down even harder on monitoring our income."
"(HMRC Connect) can cross-check your income with your lifestyle, your mortgage, your company filings, your personal bank accounts. You can't outsmart it."
"Property investors, we're the easiest targets. Why? Because we leave footprints everywhere, every deal, every mortgage, every tenancy. There's nowhere to hide."
EPISODE RESOURCES
SSAS episode - https://podcasts.apple.com/gb/podcast/how-to-find-new-sources-of-money-for-your-property/id1176574597?i=1000732731927
UK rent prices - https://podcasts.apple.com/gb/podcast/the-harsh-truth-about-uk-rent-prices-in-2025/id1176574597?i=1000725621585
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey.
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
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This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/