MTD: organise your property records before the next deadline
Digital reporting is easier when each property has clear income, expense and evidence records. Here is a practical starting point for landlords preparing for Making Tax Digital.
Begin with your actual scope
Confirm whether and when the current HMRC rules apply to your qualifying income and ownership arrangement. Do not select software solely from a headline claim.
Test a real month
Enter rent, finance costs, insurance, repairs and personally paid expenses. Make sure another person could follow the audit trail.
Review the official position
Thresholds and deadlines can change. Check HMRC guidance and obtain advice where ownership or income is complicated.
Editorial note
General information only. Check current official guidance and obtain advice for your circumstances.