Digital record keeping for UK landlords
Organise your rental income and allowable property expenses in one place. KiTax helps landlords prepare digital records. Direct submission to HMRC is not currently available.
Everything landlords need to stay organised
Keep your digital property records complete and compliant without the complexity of traditional accounting software.
Property Income Tracking
Log multiple properties, track rental payments, and maintain a clear history of your property business income.
Allowable Expenses
Quickly categorise repairs, maintenance, management fees, and insurance. Snap and store receipts for your digital records.
Section 24 Tax Credits
KiTax calculates the 20% tax reducer for residential finance costs correctly, ensuring your tax estimate accounts for mortgage interest rules.
Get ready for Making Tax Digital (MTD)
From 6 April 2026, most landlords with qualifying income over £50,000 must keep digital records. KiTax is built from the ground up to support these new requirements.
- Digital record keeping for property income
- Real-time tax readiness score
- Categorised allowable expenses
- Secure storage for receipt evidence
MTD Thresholds for Landlords
Note: Qualifying income is the total income before expenses from all your property and self-employment businesses.
Understanding Residential Finance Costs (Section 24)
For landlords, mortgage interest is no longer an allowable expense that reduces property profit. Instead, you receive a basic-rate tax reduction.
How the 20% tax reducer is calculated
HMRC applies the 20% reduction to the lowest of these three amounts:
- Residential finance costs for the year (plus any costs brought forward).
- Property business profits for the year.
- Adjusted total income (total income less Personal Allowance).
KiTax automatically handles this calculation in your tax estimate, so you can see the impact of your mortgage interest without needing complex spreadsheets. Spreadsheets alone aren't MTD-compatible — you'll need compatible software.
Ready to organise your property records?
Start your digital record-keeping journey today with a free KiTax account.
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