Joint Property, Multiple Owners. Split Profit Automatically.
"If you're managing joint property, Rentalbux is a game-changer. It makes splitting income and expenses effortless and allows you to assign profit shares across multiple properties in just a few clicks. The platform is intuitive, saves you time, and ensures everything stays transparent and organised, perfect for upcoming MTD compliance. Save yourself the headache of manual calculations and let Rentalbux handle the hard work."
Joshua
Actual Customer Testimonial, Photo is for Illustrative purpose only.
Shared property. Manual splits. Double the work. There's a better way.
Own rental property with your spouse, partner, or business associate? Stop managing two separate accounts. RentalBux automatically splits rental income, expenses and MTD submissions based on your ownership percentages, whether 60/40, 70/30 or any custom arrangement.
Set Up Joint Ownership in Minutes. Allocate Properties and Automate Your Reporting.
Under Making Tax Digital for Income Tax Self Assessment, HMRC requires each co-owner to report their individual share of rental income and expenses in quarterly submissions. RentalBux automates this entire process.
Add Co-Owners & Set Ownership Percentages
Easily add multiple property co-owners and define each person's ownership percentage
Assign Properties to Co-Owners
Link properties to owners and view automated profit splits across your entire portfolio
View Reports & Track Performance
Access detailed reports, track MTD deadlines, and monitor your rental property performance
Submit to HMRC
MTD compliant filing
Add Co-Owners
Set ownership percentages
Assign Properties
Link properties to owners
View Reports
Individual owner reports
Submit to HMRC
MTD compliant filing
Set Your Split Once.
RentalBux Handles the Rest
Rentalbux lets accurate profit allocation for each owner, effortless quarterly reporting, and full compliance with HMRC’s MTD ITSA requirements.
Automatic Profit Splits
Rental income and expenses are automatically divided between all co-owners based on the percentages you set. No manual intervention required..
Simplified Reporting
Generate separate income and tax reports for each co-owner instantly. No manual tracking or duplication.
Full compliance with Making Tax Digital for Income Tax Self Assessment. Submit each co-owner's share directly to HMRC with a few clicks. No spreadsheets, no errors
Who Benefits from Automatic Profit Splits?
Whether you own property with a spouse, business partner or family member, RentalBux simplifies your tax reporting and compliance.
Married Couples and Civil Partners
You and your partner own rental property jointly. HMRC allows you to elect for unequal profit shares if you own the property as tenants in common. RentalBux automatically calculates and reports each partner's share, ensuring your MTD submissions reflect the correct ownership percentages.
Business Partners
You own multiple properties with a business associate on a 60/40 or 70/30 basis. Instead of maintaining two separate accounting systems, RentalBux splits all income and expenses automatically, giving each partner a clear, accurate record for their tax return.
Family Investments
You have invested in property with a parent, sibling or adult child. Each co-owner needs their own MTD submission, but managing this manually is time consuming and error prone. RentalBux handles the split for you, reducing admin and ensuring compliance.
Stop Paying for Two Accounts.
RentalBux Does It All in One.
Compare the RentalBux joint ownership solution vs. maintaining two separate accounts with traditional property management software.
| Feature | Spreadsheets | Other accounting software | RentalBux |
|---|---|---|---|
| Automatic profit splits |
Manual calculation required
|
Not supported or requires two accounts
|
Fully automated
|
| MTD ITSA compliance |
No integration
|
Limited or requires bridging software
|
Direct submission to HMRC
|
| Separate reports for each owner |
Manual export and formatting
|
Possible but time consuming
|
Generated automatically
|
| Cost for joint owners | Free but high admin burden | £20+ per month per owner | One subscription covers up to three owners |
| Audit trail and accuracy |
Prone to errors
|
Depends on manual setup
|
Fully auditable and accurate
|
Start Free - See the Difference Yourself
Experience the power of automated profit splits and MTD-compliant reporting. No credit card required.
Get Started FreeFAQ for Joint Ownership & Profit Splits
We have answered the most common questions about managing jointly owned rental property in RentalBux.
Still have questions?
Our team is here to help you understand how RentalBux can simplify your joint property management.
Contact SupportReady to Simplify Joint Ownership?
Join hundreds of UK landlords who trust RentalBux to handle their joint property accounting and MTD compliance.