The Australian Taxation Office has announced it will be cracking down on residential property investors, with new data showing nine in ten landlords submit incorrect tax returns.

Director of tax communications at H&R Block Mark Chapman told Oliver Peterson on Perth Live the ATO will be using bank records to crack down on landlords.

“It will enable the ATO independently verify that a rental property exists,” said Mr Chapman.

“There is a fairly high degree of non-compliance.”

Press PLAY below to hear how the ATO is cracking down