A landlord expense tracker should keep rent and costs clear.
Rental records are easier to review when income and property costs are captured throughout the year, not rebuilt from bank statements later.
Important: MTD Ledger UK helps with record keeping and CSV export. It does not decide whether a cost is allowable and does not replace professional property tax advice.
What landlords often need to track
A simple landlord ledger should separate rent received from property costs. The exact tax treatment can depend on your circumstances, so the goal here is clarity: record enough detail for review.
Rental income
Record rent received by date and amount. Add notes for property, tenant, platform or payment reference if that helps you identify it later.
Property costs
Record repairs, maintenance, services, agent fees or other property-related costs in consistent categories for accountant review.
Useful notes to add
- Which property the entry relates to.
- Whether the entry is rent, a refund, a fee or a property cost.
- Supplier name or short reason for the cost.
- Any reference that helps match the entry to a bank transaction.
Why this matters for MTD preparation
GOV.UK says MTD for Income Tax applies to qualifying income from self-employment and property in phases. If property income brings you into scope, a cleaner record habit now can make quarterly and year-end review less painful.
How MTD Ledger UK helps landlords
The app gives Android users a lightweight place to capture income and expenses, view MTD deadline dates, and export CSV records when it is time to review them.
References
Check GOV.UK guidance on if and when you need to use Making Tax Digital for Income Tax.