How does Clearbooks work if your income is Bank Savings Interest and Landlord ?

Hi Dan,

1. Landlord Income (Your Rental Business): You will manage your rental income and property expenses within your Clear Books Property business.

Digital Record Keeping: You record all rent received and property-related expenses (like repairs or insurance). You can do this manually using the "Record income/expenses" buttons or automatically by linking your bank account via a bank feed.

Quarterly Updates: Every three months, Clear Books will help you submit a summary of these business figures directly to HMRC.

2. Bank Savings Interest (Non-Business Income) HMRC does not require you to keep digital records of your savings interest throughout the year. Instead, this is handled via a dedicated MTD Tax Return account within Clear Books:

At the end of the tax year, you can manually enter your total interest received into a dedicated section for "Other Income".

Tommy