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Making tax digital for landlords Income Tax self assessment

What you need to know

In March 2025, the government set out plans to lower the income threshold.

From 6 April 2026, landlords with a qualifying income over £50,000 in 2024/25 must keep digital records and submit quarterly updates of income & expenses via MTD-compatible software instead of a single annual return. 

Tips and advice from Old Mill

Our accountants Old Mill have a specialist department for MTD and they have made a few recommendations we thought we should share.

  • Keep your rental incomes in a separate bank account
  • Choose a recommended all-in-one software tool
  • Set your tax return to automate quarterly and year end
  • Consider appointing professional accounting services

We hope this article was useful, if you have any questions our team will be happy to help.

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