separate properties

Hi Emile,

HMRC requires all of an individual's UK property income and expenses to be reported together in a single quarterly submission.

Because of this, you should only create one business in Clear Books using our Property paid plan. Within that single business, you can then use our properties feature to track your three properties individually. This allows you to see the specific profit and loss for each asset while ensuring your tax submissions remain compliant.

Our paid Property plans allow you to add an unlimited number of properties. To set these up, please follow the steps below:

1. Log in and navigate to your dashboard.
2. Click on Properties.
3. Click the add property button.
4. Enter a name and address for your first property and save.
5. Repeat this process for your other two properties.

Once these are created, you can then use the Manually Record Income and Manually Record Expense button on the dashboard and select the property the income or the expense relates to.

Tommy