Income from rental property, as well as from unrelated self-employment

Support
1

Hello,

I have been using QF for my self-employment accounts since April 2025.

Separately, I have a rental property and I understand that the income/outgoings related to this must also now be included in QF, as part of Making Tax Digital.

How do I do this? Do I need a separate account? Many thanks

2

Hello @Effie

We are currently Beta testing our MTD ITSA offering with a small number of customers in line with the HMRC pilot.

Please see the link below

3

Hello Steve and thank you for replying. When I follow the link, I have to choose between being a sole trader or a landlord, but I am both. What do I do?

4

Hello @Effie

The company type just determines the default codes you are given, in your case I would reccomend selecting landlord.

5

just checking..my sole trader work generates around 60k p.a (after costs). My rental income is around 6k p.a. Is it still best to choose landlord?

6

Hello @Effie

Yes, selecting Landlord enables some extra functions such as the Landlord Dashboard which are not available on the Sole Trader business type.

https://support.quickfile.co.uk/t/landlord-bookkeeping-basics/47318

7

..I know I will sound anxious, but it says “We further recommend that you isolate any landlord activities to a single QuickFile account, keeping it separate from any other business activities.” If I migrate my sole trader account to a landlord account, what happens to all the data in my sole trader account (not related to being a landlord)…

8

Hello @Effie

Nothing, it just enables the extra features (we added this option so people did not need 2 accounts)

I advised starting with landlord so you did not have to do this