Working of Clear Books

Hi Stuart,

1. When on the community: Click your name in the top right -> Click "My posts"

When in the software: Click the person icon in the top right -> Click "My community posts"

2, 3, 4.

For jointly owned property, each owner will require their own separate Landlord account. Digital record keeping requirements are simplified, which should make the process easier for you.

Here is a breakdown of how you should handle the income and expenses for your separate digital self-assessments:

Digital Record Keeping for Jointly Owned Property

Since the property is jointly owned, you are only required to record and submit your own share of the property income for your quarterly updates.

To keep things simple, we suggest using the manual entry method ("Record income" and "Record expenses" buttons) instead of importing bank statements.

You can make a single digital record entry for the total of your % share of each income category and a single entry for your % share of each expense category for the quarterly period.

For Jointly Owned Property Expenses, you can choose to record your % share of expenses quarterly using the "Record expenses" button. Alternatively, you can choose to enter your share of all jointly owned property expenses once during the year-end MTD tax return process. Please refer to HMRC's guidance here: https://www.gov.uk/guidance/use-making-tax-digital-for-income-tax/send-quarterly-updates

Tommy