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I have no interest in anything accounts/tax based. I can't be bothered to do a single thing. It bores me too much. I've been owed money before but haven't been bothered to claim it, so it's a two way street. Life's too short to spend one second doing paper work. Colour me a tax evader, but that's just like, your opinion man.
It's not particularly badly setup, if you gain money from renting out property you declare it in your self-assessment and then the tax is worked out (in uk at least), anything else is tax evasion.