Property Account is Referred to as Business but I’m just a Person

Problem reported by Dawn Davies 1 day ago

I have created a property account for MTD but it refers to the property account as a Business/Organisation, but I’m just an individual tax payer not an actual business and am unsure how this information will be reported to HMRC. For the moment I have just entered my name in the Business Name field … is this OK/correct ?

Solved
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3 Replies

Hi Dawn,

Yes this is correct as per HMRC, please see HMRC guidance - "UK properties are treated as one 'UK property business'".

Tommy

1 day ago

Thanks for that clarification Tommy, am I OK just entering my name “Dawn Davies” as the property business name then ?

1 day ago

Hi Dawn,

No problem and yes, it is for your own reference.

Tommy

1 day ago

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