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Question asked by Christen Yeardley 4 months ago
I have created my MTD account as a sole trader but also have UK rental income and expenses. Do I create a separate company for this in the software or just add to my sole trader income?
Hi Christen,
In this case, you must create a separate account for the UK rental income and expenses.
Also, we have a comprehensive library of resources to help you get the most out of your account, please see: here
Tommy
Best answerHi Christen,
No problem, and yes, it will be consolidated via the MTD Tax Return. You can see this in Clear Books using the link from the MTD for Income Tax widget. You will be able to see both self employment and property amounts and submission status in one place, and also your tax estimate based on income from all sources.
Tommy
Thanks Tommy. Will my data be consolidated when transferred to HMRC then?
You must 