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PROPASSESS LANDLORD TEMPLATE: MAKING TAX DIGITAL (MTD) SOFTWARE PLANNER
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A guide to choosing and setting up HMRC-compatible record keeping for UK property income.
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1. KEY TIMELINES:
   - April 2026: Mandatory for landlords with gross property income over £50,000.
   - April 2027: Mandatory for landlords with gross property income between £30,000 and £50,000.

2. HMRC-COMPATIBLE SOFTWARE COMPASS:
   | Software    | Features                             | Est. Monthly Cost |
   |-------------|--------------------------------------|-------------------|
   | FreeAgent   | Full landlord dashboard, free with   | £12 - £30         |
   |             | NatWest/Mettle business accounts     |                   |
   | Xero        | Multi-property tracking, advanced accounting | £15 - £42 |
   | Keytime     | Simple ledger mapping                | £10 - £20         |
   | Hammock     | Tailored buy-to-let bank feed sync   | £9 - £29          |

3. PRE-COMPLIANCE CHECKLIST:
   [ ] open a separate landlord business bank account.
   [ ] Choose a compatible software package from the HMRC approved list.
   [ ] Map rental property bank feeds to automatically pull transactions.
   [ ] Category income/expenses (e.g. repairs, insurance, ground rent) monthly.

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Download provided by PropAssess — UK Property Compliance Made Simple.
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