Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Propertymark Urges Agents to Support Landlords Ahead of MTD Deadline
Propertymark is urging letting agents to help landlords facing the next deadline for Making Tax Digital (MTD) for Income Tax. The call comes as more landlords are set to be brought within the MTD regime under the phased rollout of income thresholds.
The Phased Income Thresholds
MTD for Income Tax is already required for landlords whose qualifying income is over £50,000. From next April, it will apply to those with qualifying income over £30,000, and from April 2028 it will include those with qualifying income over £20,000.
What This Means for Agents
For letting agents and inventory clerks, the widening thresholds mean a growing number of landlord clients will need to comply with MTD for Income Tax over the coming years. Agents are being encouraged to support their landlords through these upcoming deadlines.
For further details, readers should consult the original Letting Agent Today report.
Source: Letting Agent Today