My wife and I jointly own a flat which we let. We make our own SA tax returns
which include 50% of rental income and expenses, and our own income from pensions etc. How will this situation be handled for MTD? Ive asked HMRC but no one I spoke to knew - I’m not sure they even understood the question!
HI @Vesta ,
Please see attached pdf’s. The turnover limits are based on your individual Tax Return data for 2024/25 tax year and if the rental income and/or self employed income exceeds £ 50,000 - then you’re in.
MTD for ITSA - relevant data.pdf (34.8 KB)
MTD for ITSA turnover boxes.pdf (85.2 KB)
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