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. RentalBux
RentalBux is HMRC-recognised MTD software that covers UK Property, Foreign Property, and Self-Employment income. The platform enables landlords, letting agents, and accountants to manage digital tax submissions with full MTD compliance. Beyond tax obligations, it delivers automated rent collection, expense tracking, bank feed integration, and tenant communication tools through a single cloud-based dashboard.
Key Details of RentalBux
Ideal users: Landlords managing complex profit-sharing structures, letting agents, and property accountants
HMRC recognition: Officially recognised for MTD across all three components: UK Property, Foreign Property, and Self-Employment
Pricing model: Free for single-property landlords until March 2028
Income types covered: UK property income, foreign property income, self-employment income
Standout capability: Advanced profit-sharing calculations for multiple landlords and complex ownership structures
Key Features of RentalBux
Full HMRC recognition across all three MTD for Income Tax modules
Manages complex profit-sharing agreements between multiple landlords
Combines MTD compliance with comprehensive property management tools
Automated quarterly submissions and year-end declarations
Bank feed integration for seamless transaction matching
Dedicated tenant portal and communication tools
2. 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
3. @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
4. 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
5. 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
6. 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
7. 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
8. 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
9. 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: Free until April 2026, then $5/month
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
10. 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
11. 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
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.
