Revenue goes after the property tax dodgers

Surge in declarations of undervalution of properties expected, writes Emma Kennedy.

23rd March, 2014

More than 2,000 property owners have admitted to the tax authorities that they undervalued their house for property tax purposes, according to new figures from the Revenue Commissioners.

A further surge in declarations of undervalution is now expected before the March 31 deadline, as homeowners scramble to avoid hefty penalties.

The news comes as the Revenue Commissioners gear up for a major compliance programme in relation to the local property tax (LPT), and its predecessor, the household...

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