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Allowable expenses for landlords are the costs of running a residential letting business that HMRC permits as deductions from rental income, reducing the amount of profit on which tax is charged. To qualify, a cost must meet the wholly and exclusively test, meaning it must have been incurred purely for the purpose of the letting business.

MTD for Income Tax becomes mandatory for landlords earning over £50,000 from April 2026, requiring quarterly updates. Landlords must submit income and expense totals digitally, with updates due every 3 months. No penalties for late updates in the first year, but compliance is required for the Final Declaration by January 31.

DSS income refers to government benefits like Universal Credit and Housing Benefit that assist tenants with rent. Landlords must comply with the Equality Act 2010, ensuring no blanket refusals to DSS tenants. Understanding Local Housing Allowance rates and payment arrangements is crucial for renting to DSS tenants.

With the April 2026 deadline for MTD registration approaching, landlords must act now. This guide walks you through the steps to register for Making Tax Digital with HMRC. Ensure you're ready by following our clear, step-by-step process for a smooth transition.

With the MTD deadline rapidly approaching on 6 April 2026, landlords and sole traders must act now to avoid penalties. Our step-by-step guide offers actionable steps to help you get MTD-ready on time. Don't leave it until the last minute – start preparing today to ensure a smooth transition to digital record keeping.

Making Tax Digital for Income Tax is based on gross income, not profit, which is where many landlords get confused. This means HMRC looks at your income before expenses are deducted, not what you actually keep after costs. Understanding this difference is essential if you want to know whether MTD will apply to you from April 2026.