Hi, I am self employed but also a landlord. I need to do MTD for self employed but not for land lord side of things. How can I get it to work on QuickFile? Do i need separate accounts? or do I add landlord income to self employed or perhaps add at the end of year for final calculations?
Hello @mario23
You can use the same account. the two income streams should be separated by using different nominal codes.
what would be a nominal code for landlord income? where do i put that in?
Hello @mario23
If you have a sole trader account, you would be better off creating a new code for landlord income
https://support.quickfile.co.uk/t/adding-a-new-nominal-account/8882
4904 rent income is already there -should i use that or go ahead and create new one as per your previous advice?
Hello @mario23
You can do either.
When it comes to the return you can map the codes which the sole trader business and property business pick up.
https://support.quickfile.co.uk/t/configuring-your-cumulative-update-nominal-mappings/60660