Making Tax Digital currently hits one in six landlords
Summary
A new study cited by Landlord Today says 17.7% of landlords have annual rental income above £50,000, placing them within the current scope of Making Tax Digital for Income Tax. The article also notes that the threshold will reduce to £30,000 in April 2027 and £20,000 in April 2028, which will bring more landlords into quarterly digital reporting requirements.
Why it matters
Surveyors advising landlords, investors or portfolio owners should be aware of the expanding tax reporting obligations that may affect client administration and record-keeping. It is also relevant where property businesses are being assessed for operational readiness, compliance processes or portfolio management.
Key points
- 17.7% of landlords in the study had annual rental income above £50,000.
- MTD for Income Tax currently applies to eligible individuals above the £50,000 threshold.
- The threshold is due to fall to £30,000 in April 2027 and £20,000 in April 2028.
- Qualifying income includes combined gross property and self-employment income before expenses.
- The article highlights the need for organised digital records of income, expenses and bank transactions.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
