Rental income plus any self-employment income, before expenses. Not profit.
£
Joint owner? Use your share of the rental income — each owner is assessed separately.
How MTD for Income Tax works
Who has to do it, and when?
It's based on gross income (turnover before expenses), combining property and self-employment: £50,000+ from 6 April 2026, £30,000+ from April 2027, £20,000+ from April 2028.
What does it involve?
Digital record-keeping, four quarterly updates to HMRC, and a final declaration — using MTD-compatible software. Free and low-cost options exist; you don't need to spend much.
Is this tax advice?
No — it's information, sourced to GOV.UK and dated. Check your own position with an accountant.