HMRC Approved MTD Compatible Software that Supports Foreign Income
The MTD deadlines are approaching faster than you think, and they have completely changed the way landlords, individuals, and businesses report income to HMRC.
Now, you will need an MTD compatible software to keep digital records, submit quarterly updates and file a final declaration at the end of the year. And if you have foreign property income, things can get trickier as most of the software don’t support it.
So, to make things easier for you, we’ve pulled together a list of HMRC approved MTD compatible software that supports foreign income. In this blog, you will find a detailed breakdown of each software option and a handy summary table to help you choose the one that best fits your needs.
1. 123 Sheets
123 Sheets is HMRC-approved bridging software specifically designed for property investors and businesses who prefer using Microsoft Excel for their record-keeping. It meets complex international tax obligations for property investments while still maintaining familiar spreadsheet workflows. Additionally, it handles multiple currency transactions directly from Excel spreadsheets and bridges the gap between traditional record-keeping and modern digital tax requirements.
Key Details
- Best For: Landlords, self-employed, accountants, tax agents managing foreign property portfolios
- Cost: Starts from £19.75 (first year half price) + VAT
- Data Security Accreditation: UK-based secure data centres with enterprise-level Microsoft systems and Cisco security
- Trial / Freemium Availability: Free trial version available
- Mobile App: Not available
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- Multi-Currency Property Support: Handles foreign property transactions and currency conversions directly from Excel spreadsheets
- International Bridging Technology: Connects Excel-based foreign property records directly to HMRC’s MTD systems
- Quarterly International Updates: Submits quarterly updates for both UK and foreign property income through MTD API
- Excel Compatibility Across Versions: Works with Microsoft Excel 1997 through latest versions for international property tracking
- Agent Multi-Client Support: Dedicated agent version for accountants managing multiple foreign property clients
- Digital Record Compliance: Maintains digital records for foreign property transactions meeting HMRC MTD requirements
2. @Coconut
Coconut is an invoicing and expense management platform that also provides features for MTD compliance for self-employed individuals and landlords with both UK and foreign property income. It also offers advanced features like automatic currency conversion, real time bank integration and auto categorisation of transactions. It operates on simple motto: make bookkeeping simple with a mobile-first approach.
Key Details
- Best For: Landlords with foreign property portfolios, self-employed property investors
- Cost: Free plan available, paid plans from £9.95/month
- Data Security Accreditation: GDPR compliant with bank-level security standards
- Trial / Freemium Availability: 30-day free trial available, plus free version for qualifying Zempler account holders
- Mobile App: Available
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- Multi-Currency Property Management: Automatic currency conversion and tracking for foreign property rental income
- International Bank Integration: Connect foreign bank accounts via Open Banking for automatic transaction import
- MTD Foreign Property Compliance: Quarterly submissions for foreign property income through HMRC MTD API
- Global Receipt Capture: Photo receipt scanning with automatic categorisation for foreign property expenses
- Real-time International Tax Calculations: Live tax estimates including foreign property income obligations
- Cross-Border Expense Tracking: Intelligent categorisation of foreign property maintenance and management costs
3. Capium Limited — MTD for IT
Capium is cloud-based accountancy software designed to make the transition to HMRC’s digital tax system easy for practices that handle complex international property portfolios and multi-jurisdictional clients. It also provides full practice management capabilities, making it all-in-one platform for foreign property landlords and accounting practices.
Key Details
- Best For: Accountants, bookkeepers, tax agents, practices managing foreign property clients
- Cost: Starts from £135+ VAT per month
- Data Security Accreditation: GDPR compliant with password-protected documents and advanced data protection
- Trial / Freemium Availability: 7-day free trial available
- Mobile App: Not specified
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- International Property MTD Support: Offer comprehensive MTD compliance functionalities for foreign property income reporting
- Multi-Jurisdictional Client Management: Handle clients with property portfolios across different countries
- Foreign Property Quarterly Reporting: Accurate quarterly submissions for international property income through MTD API
- International Banking Integration: TrueLayer integration supports foreign bank connections for property income tracking
- Cross-Border Data Synchronisation: Auto-updated data across all modules for seamless foreign property management
- Multi-Currency Reporting: Generate reports that handle foreign property income in multiple currencies
4. Forbes MTD
Forbes MTD is a bridging software solutions for property investors and businesses using Excel, Sage, VT transaction+, or other packages. It is best known for its comprehensive approach that offers both MTD bridging and full bookkeeping solutions capable of handling complex international property structures across multiple platforms and currencies.
Key Details
- Best For: Landlords with foreign properties, businesses, accountants managing international portfolios
- Cost: £40 + VAT for single company, £195+ VAT for agent (multi company)
- Data Security Accreditation: HMRC-compliant bridging software standards
- Trial / Freemium Availability: Not specified
- Mobile App: Available
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- International Bridging Solutions: Multiple bridging options for Excel and accounting software managing foreign properties
- Multi-Platform Foreign Property Support: Compatible with various existing software managing international portfolios
- Flexible International Compliance: Solutions for current MTD requirements and future foreign property regulations
- Scalable Global Solutions: Range from simple mobile apps to comprehensive international bookkeeping software
- Cross-Border Data Transmission: Secure transmission of foreign property data to HMRC systems
- International Portfolio Management: Handle complex foreign property structures across multiple jurisdictions
5. Hammock for Landlords
Hammock is the first landlord software recognised by HMRC as MTD-compatible, particularly for those that handles international property portfolios. It stands out among the other MTD software with its exclusive focus on landlord’s needs, providing automatic currency conversion, international bank integrations, and property specific reporting.
Key Details
- Best For: Landlords with foreign property portfolios, international property investors
- Cost: £8 per month
- Data Security Accreditation: FCA registered with AWS security and multiple backup location
- Trial / Freemium Availability: 30-day free trial available
- Mobile App: Available for both iOS and Android
- Income Types Supported: UK property income, Foreign property income
Key Features for MTD
- International Property MTD Compliance: First landlord software with HMRC recognition for foreign property MTD submissions
- Multi-Currency Property Tracking: Automatic currency conversion and real-time monitoring for foreign properties
- Global Banking Integration: Connect international bank accounts for automatic foreign property income tracking
- Cross-Border Ownership Support: Handle complex international ownership structures including foreign partnerships
- Foreign Property Quarterly Submissions: Automated quarterly MTD updates for international property income
- International Compliance Automation: Automated reminders for foreign property tax deadlines and regulatory requirements
6. MYT
MYT is an award winning accounting software designed specially for small businesses and contractors. It solves the complexity arising from multi-jurisdictional income tracking with its AI powered categorisation and receipt processing functionalities. It also provides multi-currency support and GPS-enabled tracking for international property management activities.
Key Details
- Best For: Self-employed with foreign properties, small businesses, contractors with international investments
- Cost: Starts from £10 per month
- Data Security Accreditation: Secure cloud storage with privacy protection and data encryption
- Trial / Freemium Availability: 30-day free trial available on all plans
- Mobile App: Available for both iOS and Android with GPS tracking and receipt scanning features
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- AI-Powered Foreign Property Management: Automatic categorisation of international property income and expenses using AI
- Multi-Currency Property Support: Real-time currency conversion for foreign property transactions
- International Bank Integration: Connect foreign bank accounts for automatic transaction synchronisation
- Global MTD Compliance: HMRC compliance for foreign property quarterly submissions through MTD API
- Cross-Border Receipt Processing: AI-powered receipt scanning for foreign property expenses with currency recognition
- International Business Integration: Seamless integration of foreign property income with other business activities
7. Self Assessment Direct
Self Assessment Direct is completely free MTD-compatible software that provides both the digital record-keeping and the bridging capabilities for those who handle foreign property income. It supports self-employment, UK and foreign property income and can handle both quarterly updates and multi-currency conversions.
Key Details
- Best For: Landlords with foreign properties, self-employed with international investments, budget-conscious investors
- Cost: Completely free
- Data Security Accreditation: HMRC-recognised software with standard security compliance
- Trial / Freemium Availability: Permanently free software
- Mobile App: Not specified
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- Free Foreign Property MTD Compliance: Complete MTD functionality for international property income at no cost
- International Digital Record-Keeping: Full digital record capabilities for foreign property transactions and compliance
- Cross-Border Bridging Software: Connect existing foreign property records to HMRC systems for digital submission
- Multi-Currency Property Support: Handle foreign property income in multiple currencies within the free platform
- International Quarterly Submissions: Submit quarterly updates for foreign property income through MTD API
- Global Tax Return Integration: Complete tax return preparation including foreign property income calculations
8. TaxNav
TaxNav is HMRC-recognised browser-based software designed for sole traders and landlords managing foreign property investments. It makes international property tax compliance easy with a guided, confusion-free submission process. It stands out for its browser-based operation requiring no downloads and exceptional development team who also created MTD for VAT.
Key Details
- Best For: Landlords with foreign properties, self-employed with international property investments, tax agents
- Cost: Available for free
- Data Security Accreditation: HMRC-recognised with secure data protection and privacy controls
- Trial / Freemium Availability: Available for free for early adopters
- Mobile App: Not available
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- International Property MTD Recognition: HMRC-recognised compliance for foreign property income through MTD API
- Cross-Border Browser Access: No installation required, manage foreign properties from anywhere with internet access
- Guided International Submissions: Expert-guided process removes complexity from foreign property tax submissions
- Multi-Source Income Integration: Single licence handles both domestic and foreign property income seamlessly
- International Property Transaction Management: Comprehensive view of all foreign property income and expense transactions
- Cross-Border Compliance Expertise: Built by MTD VAT creators with extensive international tax compliance experience
9. Xero
Xero is a cloud-based accounting software. It provides features multi-currency support, global banking integration, and comprehensive reporting functionalities making it a complete business management platform for foreign property owners. It stands out for its powerful app ecosystem that provides specialised tools for international property management and compliance.
Key Details
- Best For: Landlords with foreign properties, international property investors, businesses with global portfolios
- Cost: Plans from £16-59/month
- Data Security Accreditation: SOC 2 Type II certified with bank-level security and GDPR compliance
- Trial / Freemium Availability: 30-day free trial available
- Mobile App: Available for both iOS and Android app
- Income Types Supported: Self-employment income, UK property income, Foreign property income, VAT
Key Features for MTD
- Advanced Multi-Currency Property Management: Sophisticated currency handling for foreign property income with automatic conversion
- Global Banking Integration: Connect international bank accounts with automatic foreign property transaction imports
- Foreign Property MTD Compliance: HMRC-recognised submissions for international property income through MTD API
- International Property Reporting: Comprehensive reporting for foreign property portfolios with currency conversion
- Cross-Border App Integrations: Extensive app ecosystem including international property management tools
- Global Document Management: Hubdoc integration for international receipt and document capture with currency recognition
10. Untied
Untied is the first end-to-end software recognised by HMRC for Making Tax Digital for Income Tax. It provides advanced multi-currency support for over 100 currencies, and integrates with several modern banking platforms like Revolut, Wise, Starling, and Monzo, making it ideal for foreign property investors.
Key Details
- Best For: Landlords with foreign properties, self-employed with international investments, accountants managing global portfolios
- Cost: Starts from £64.99/year to £129.99/year
- Data Security Accreditation: Bank-level encryption with secure cloud platform and data protection
- Trial / Freemium Availability: Early adopter programme with onboarding support
- Mobile App: Available
- Income Types Supported: Self-employment income, UK property income, Foreign property income
Key Features for MTD
- Advanced Multi-Currency Integration: Embedded conversion for 100+ currencies including modern international banking platforms
- International Banking Excellence: Connect foreign accounts from Revolut, Wise, Starling, Monzo, and traditional international banks
- First End-to-End MTD ITSA: HMRC-recognised as the first complete foreign property MTD solution
- International Cash Accounting: Follow-the-money approach with transaction-date recording ideal for foreign property
- Global Income Source Management: Handle multiple international income sources without separate licences
- International Agent Collaboration: Advanced agent portal for accountants managing foreign property clients
HMRC-Approved MTD-Compatible Software Supporting Foreign Property Income – Summary Table
| Software Name | Price | Type of Software | Submission Type | Income Types Supported |
| 123 Sheets | Paid version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| @Coconut | Free version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| Capium Limited — MTD for IT | Paid version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| Forbes MTD | Paid version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| Hammock for landlords | Paid version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | UK property income, Foreign property income |
| MYT | Paid version | Software that creates digital records | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| Self Assessment Direct | Free version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| TaxNav | Free version | Software that creates digital records, Software that connects to your records (bridging software) | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
| Xero | Paid version | Software that creates digital records | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income, VAT |
| untied | Paid version | Software that creates digital records | Quarterly updates, Tax return | Self-employment income, UK property income, Foreign property income |
Conclusion
Picking the right HMRC-approved MTD software for foreign income comes down to what works best for you.
As the list and table show, each software comes with its unique features, prices, and functionalities. Some are better for landlords with overseas property, some for people with mixed income sources, and others for accountants and agents. But each of these software are approved by HMRC and can handle foreign property or overseas income.
So, when choosing MTD compatible software for foreign property, think about:
- How much it costs and whether there’s a free trial
- If you need a mobile app to manage things
- Extra tools that can save time, like automation or reporting
The right software will not only keep you covered for MTD but also make it easier to manage both your UK and overseas income in one place.
RentalBux
The all-in-one property management and accounting software designed to simplify landlords’ and property managers' lives. It is also MTD-compliant.