C&AG: Revenue finds almost half of landlords underdeclared their rental income tax

In 2020, Revenue’s personal division started a targeted project on landlords that ran until 2024 that yielded just over €7m in additional tax, interest, and penalties. However, Revenue wound down the project in 2024. File photo

A project on landlords carried out by Revenue identified that 46% of cases reviewed had underdeclared their rental income tax by overclaiming rental expenses.

The finding is included in the latest annual report published by the Comptroller and Auditor General (C&AG). In 2020, Revenue’s personal division started a targeted project on landlords that ran until 2024.