Landlords & letting · Tax

Get ready for MTD for Income Tax as a landlord with FreeAgent

Set-up time1–2 hours
DifficultyMedium
AppsFreeAgent HMRC (Making Tax Digital) Monzo Business

The problem

MTD for Income Tax means quarterly updates instead of one annual return, and spreadsheets won't cut it on their own.

The result

Rent and costs are recorded per property in FreeAgent, and quarterly updates go straight to HMRC.

How to set it up: FreeAgent

Check if and when MTD for Income Tax applies to you on GOV.UK (it depends on qualifying income).
Set up a FreeAgent landlord account and add each property, with ownership splits if you own jointly.
Connect your bank feed (for example Monzo Business Pro/Team, or an Open Banking feed) so rent and costs flow in.
Assign income and costs to properties as they arrive.
Submit each quarterly update from FreeAgent before the deadline.

Get AI to help you build it

Paste this into ChatGPT, Copilot, Gemini or Claude:

I'm a UK landlord with two rental flats. Explain MTD for Income Tax quarterly updates in plain English, list the deadlines for standard update periods, and give me a monthly 15-minute routine to keep my records ready.

AI tools can get menu names wrong. Check against the sources below.

Before you start

GOV.UK: from 6 April 2026 if qualifying income was over £50,000 (2024–25); from 6 April 2027 if over £30,000 (2025–26); from 6 April 2028 if over £20,000 (2026–27).
If you are also self-employed, FreeAgent says you need a separate sole-trader account.
This is general information, not tax advice. Check with an accountant.

Integrations used

FreeAgent + HMRC (Making Tax Digital)

Built-in integration

Yes. FreeAgent submits MTD for Income Tax updates and Self Assessment returns direct to HMRC, including a landlord account for unincorporated landlords.

Monzo Business + FreeAgent