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Wealthy individuals with property abroad are being targeted by HMRC's newly formed 200-strong team of investigators and specialists.
Sophisticated data-mining techniques have been applied to publicly available information to identify individuals who own property abroad. Risk-assessment tools are used to highlight those who do not appear able to afford an overseas property, as well as those who are not declaring the correct income and gains from the property.
Other similar work currently planned by the Revenue involves commodity traders and people holding offshore accounts. Much will be undertaken in coordination with other teams from across HMRC, including those that deal with corporate entities, residence and domicile issues, and trusts and estates.
