TaxYearSheetsLast checked by hand against GOV.UK: 10 October 2026. Sources are linked in each section. HMRC updates its guidance, so always check the source before you act.
Only your share counts towards the threshold
Your share of the income from a jointly owned property counts towards your qualifying income – not the full rent.
GOV.UK's example: you jointly own a property with your sibling that brings in £50,000, you each get an equal share, and you have no self-employment income. Your qualifying income is £25,000.
If you only get told your share after expenses have been deducted, HMRC will assess that figure for your qualifying income.
Your share is added to any other property or self-employment income you have. Check the total against the thresholds with the MTD checker.
Source: GOV.UK – Work out your qualifying income (jointly owned property).
Records for jointly let property
- You only need digital records for your share of the income and expenses.
- You can choose less detailed records: a single record for each income category covering the update period, and a single record for each expense category for the tax year. For example, one record of £3,000 rent for the quarter instead of three monthly records of £1,000.
- You don't need to link your records with the other owner's records.
- Your share is part of your one UK property business, alongside any property you own outright.
Source: GOV.UK – Create digital records: landlords that jointly let properties.
Quarterly updates: income only is allowed
For jointly let properties, your quarterly updates can include either income and expenses, or income only.
If you leave the expenses out, you add them after the tax year ends – by resending your fourth quarterly update, or by adjusting the category total in your software – before you submit your tax return.
If you also own other properties outright, you must include both income and expenses for those in your quarterly updates.
Sources: GOV.UK – Send quarterly updates · GOV.UK – Create digital records.
Questions
Does the whole rent count towards my MTD threshold if I own a property jointly?
No. GOV.UK says your share of the property income counts towards your qualifying income. If a property earns £50,000 and you get an equal share, your qualifying income from it is £25,000.
Do joint owners need to link their MTD records?
No. GOV.UK says that if you jointly let a property, you do not need to link your digital records to the records of the other landlord.
Can I leave expenses for a jointly let property out of my quarterly updates?
Yes. You can include either income and expenses, or income only. If you leave expenses out, you report them after the year ends by resending your fourth quarterly update (or adjusting the category total) before you submit your tax return.