Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
One in Six Landlords Above MTD Threshold as 7 November Deadline Nears
More than one in six landlords have recorded annual rent income above £50,000 as the 7 November Making Tax Digital deadline approaches. Lendlord's analysis puts 17.7% of landlords above the income threshold for eligible individuals to comply with MTD reporting.
The findings are based on the firm's landlord portfolio records at the end of September, according to Property118.
What This Means for Letting Agents and Inventory Clerks
The figures suggest a significant proportion of landlords may fall within scope of Making Tax Digital reporting requirements, based on the £50,000 income threshold referenced in the report. With the 7 November deadline approaching, letting agents and inventory clerks serving landlord clients may find themselves fielding questions about MTD compliance.
Property118 reports that Lendlord carried out the analysis, based on its landlord portfolio records at the end of September. The report does not include further breakdown of the data beyond the headline figure of 17.7%.
Key Points
- More than one in six landlords have annual rent income above £50,000, per Lendlord's analysis.
- 17.7% of landlords are above the income threshold for eligible individuals to comply with MTD reporting.
- The findings are based on Lendlord's landlord portfolio records at the end of September.
- The 7 November Making Tax Digital deadline is approaching.
Agents and inventory professionals working with landlord clients may wish to note the approaching deadline and the proportion of landlords the analysis places above the threshold. The source report does not provide additional detail on compliance rates, regional variation, or portfolio size breakdowns.
Source: Property118