Daft Property - Irish Property News

Revenue targets landlords in rental income crackdown... TAX officials are making door-to-door checks in estates across the country to see if landlords are paying all their taxes. Revenue officials are focusing on estates where there is known to be a high level of rented properties in the new clampdown on landlords. They are probing landlords who have buy-to-lets to see if they are making the correct tax claims on their rental returns and to see if they are registered with the State as landlords. It is part of an overall investigation by Revenue Commissioner officials into the black economy, the Irish Independent understands. There are fears that many buy-to-let landlords do not register with the Private Residential Tenancies Board (PRTB), accept cash in rent and do not make tax returns. It recently emerged that the State paid more than €250m last year to thousands of unregistered landlords. Half of the landlords who get rent supplement payments -- which can be as high as ...