My wife and I jointly own four rental properties, all currently on a 50/50 basis, and we’re looking to use QuickFile for MTD ITSA. Can ownership percentages be recorded at property level so that income and expenses are automatically apportioned for each owner’s quarterly updates and final declarations, or is the intended workflow to maintain 100% of the bookkeeping in one account and manually apply an apportionment when preparing each MTD submission? That would require exporting data to an additional account and seems messy if I have understood the process correctly.
The former would be far more sensible and presumably could make the updates and final submission more straight forward - and all from a single account.