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What is MTD for jointly owned property?
Last verified 31 October 2026
MTD for jointly owned property is how each co-owner reports their own share of a let property under Making Tax Digital for Income Tax. Each owner is assessed on their own income and keeps their own records.
Why it matters to landlords
Your qualifying income counts only your share of the rent. HMRC's guidance on quarterly updates says that for a jointly let property you can include either property income and expenses, or property income only. If you leave the joint expenses out of the quarterly updates, you report them later by resending your fourth update before you submit your tax return.
Spouses or civil partners living together are usually taxed on equal shares, unless they own unequal shares and have made a declaration of beneficial interests. Other joint owners are usually taxed according to their ownership share, unless they agree a different split.
Example
Alice and Jim own a flat 60/40 and the rent is £8,400 a year. Alice's records show £5,040 and Jim's £3,360. Each includes only their own share in their quarterly updates, and each adds their share of the £4,600 expenses later if they did not record them during the year.
MTD for Jointly Owned Property and Joint Landlords →
Related terms
- Joint ownership and Form 17
- Declaration of trust
- Qualifying income
- MTD for partnerships
- UK property business