Making Tax Digital – Rental Income (including rents from Overseas Properties
For Individuals and Businesses alike
Who Does it apply to:
- Landlords and self-employed individuals
Income limits
- Gross rents greater than £50,000 – from 6 April 2026
- Gross rents greater than £30,000 – from 6 April 2027
- Gross rents greater than £20,000 – from 6 April 2028
Keep Digital Records
- Use of rental income spreadsheets
- Use of dedicated software
- Use of accounting software
Joint Ownership
- Income limits apply to each owner’s share of gross rents
- Easement for jointly owned property
Make Quarterly Submissions
- 6 April – 5 July, Due by 7 August
- 6 July – 5 October, Due by 7 November
- 6 October – 5 January, Due by 7 February
- 6 January – 5 April, Due by 7 May
Finalisation of tax position – filing the tax return
- Anytime between 7 May and following 31 January
Accounting Services: supporting you Any time you need us to
Our aim is to be as transparent as possible with you in the services we supply. As a chartered accountant we can offer you all the services you need from compliance to tax planning, from payroll to corporation tax.
The real question is: what specifically do you need us for? Simply contact us by calling (023) 8061 4404 or using the email address below, and discuss your plans and pains with us. We’re approachable, direct and are committed to professional excellence in a modern working world.