MTD landlords

[CGSL]

I am looking at using QF for MTD for ITSA. I need to report two jointly held properties (owned 90:10). The 90% owner is within MTD the 10% owner is not. How does QF deal with jointly held properties? Do you put in 100% of income and expenses and the profit share for the person concerned and then QF does the allocation or do I have to prorate before entering a number into QF. The former would seem most appropriate as any backing invoices that I load into QF will show the income or expense at 100%.

When the 10% owner comes within MTD will I have to enter each income and expense twice on different records for each owner or will the software have some way of taking the 10% amounts and allocating to the MTD record for the 10% owner?

I look forward to hearing from you.

[QFSteve]

Hello @CGSL

I found this thread on the forum which may answer your query.

Split Rent between owners

Hello @Mbquick 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 As it stands, the split would need to be apportionment as each account is effectively submitting their own self assessment. Depending on the testing other tools may be introduced before the full April 2026 rollout such as A percentage based apportioning tool within the cumulative update report An option to share an update with another a…

[CGSL]

Thank you. I suspect there will be demand for the apportionment tool given how many husband and wife property owners there must be.

Many thanks

C