MTD Income Tax · for Google Sheets™
The rule that catches people out

MTD when you're a landlord and self-employed

Making Tax Digital doesn't look at your rental income or your business income separately — it adds them together. A landlord with £30k of rent and a £25k side business is over the £50,000 line and mandated from April 2026, even though neither income alone would qualify. Here's exactly how the combined rules work, and how to run both from one spreadsheet.

Plain-English guide · sole traders with property · updated for the April 2026 mandate

How the threshold really works

The test is your combined gross income from self-employment and property for the tax year — turnover, not profit, before any expenses. If the total exceeds the threshold, you're in for both income types at once:

Combined gross incomeYou're in MTD from
Over £50,000April 2026
Over £30,000April 2027
Over £20,000April 2028
The catch in one sentence: £28k of rent plus £24k of trading turnover = £52k combined = mandated in the first wave — while a £49k-turnover trader with no property waits another year. If you have two income types, check the total, not each one.

What being “in” actually means for you

  • Digital records for both income types — kept in software or a spreadsheet with digital links.
  • Quarterly updates for each income source — a landlord-plus-sole-trader files two updates per quarter (one property, one trade): eight submissions a year, by 7 August, 7 November, 7 February and 7 May.
  • A final declaration replacing the Self Assessment return, due 31 January as now.

Joint property? There's a wrinkle for that too

Own a rental jointly (with a spouse, say)? Each owner reports their share in their own MTD records. In practice that means splitting every rent receipt and expense line by your ownership percentage — trivial in a spreadsheet (one formula column), fiddly in many apps.

Why one spreadsheet beats two apps

Most landlord software handles property only; most bookkeeping apps handle trade only. Run both and you're paying two subscriptions, learning two systems, and still stitching the totals together in January. A spreadsheet holds both income types side by side — one tab per source, HMRC's categories on each, your joint-ownership split as a formula — and HMRC explicitly permits spreadsheet records provided the figures reach them through bridging software with a digital link.

SheetMTD is built for exactly this case: both income sources structured in one Google Sheet, each quarter's figures ready for its own update, joint shares handled by formula — the record-keeping layer free, filing from the sidebar once HMRC recognition completes.

Quick answers

Do I add rental and self-employed income together for the threshold?

Yes — the qualifying-income test is the combined gross total of both for the tax year.

Do I file one quarterly update or two?

One per income source — so a landlord with a trade files two each quarter, eight a year, plus the final declaration.

Is it profit or turnover that counts?

Gross income (turnover/rents before expenses). Profit is irrelevant to the threshold.

What about dividends, pensions or a PAYE salary?

They don't count toward the threshold — only self-employment and property income do.

My rental is jointly owned — whose income is it?

Your share counts toward your threshold; each joint owner keeps digital records of their own share.

Both incomes. One spreadsheet. Sorted.

SheetMTD structures property and self-employment records side by side in Google Sheets, in HMRC's categories, with joint-ownership splits by formula — free to set up, built by a UK chartered accountant's practice.

See how it works →

General information, not personal tax advice. Thresholds and dates per HMRC guidance for MTD for Income Tax; check GOV.UK or your accountant for your circumstances.