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SCAS Ltd
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

 
8 REPLIES 8
ElykaJen_A
QuickBooks Team

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

Hello there, Scas. To handle both sole trader and landlord income at the same time, your clients can use QuickBooks Sole Trader Plus. Other plans like Simple Start, Essentials, Plus, and Advanced also support MTD, making them great solutions for managing these two different income streams in one place.
 

These plans are built specifically for the 2026 MTD for the ITSA mandate. They allow your clients to keep Self-Employment and UK Property separate within the same account, ensuring every quarterly update is categorized correctly before it’s sent off to HMRC.

Feel free to reply to this post if you have more questions about QuickBooks. We’re here to assist you. 

ukSub
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

what are the limitations to the sole trader plus product?

ie maximum number of properties and maximum number of income sources supported?

thanks

EduardA
QuickBooks Team

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

Hi Steven. A separate QuickBooks account is required for each business income source. This also means single property ownership requires its own license to stay compliant with MTD for Income Tax.

 

To learn how to submit quarterly updates for each of your business income sources in QuickBooks, check out the Step 2: Separate quarterly reporting section in this article: MTD for IT: Managing combined business and rental income in QuickBooks.

 

Find the QuickBooks plan and features that best suit your business needs by visiting this page: Find a plan that's right for you.

 

Should you have any other questions, feel free to leave a message.

ukSub
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

this contradicts what is state on the quick books website. it says-

 

Welcome to QuickBooks Sole Trader Plus.

QuickBooks Sole Trader Plus helps self-employed business owners and landlords manage income, expenses, and tax in one place.

found here:

https://quickbooks.intuit.com/learn-support/en-uk/help-article/bookkeeping-processes/getting-started...

 

what is stopping me from using one sole trader plus account to deliver these needs?

thank you

ukSub
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

also, i notice the original thread was created BEFORE sole trader plus was available so perhaps this is better discussed elsewhere. please advise

ukSub
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

to quote from the quickbooks response above-

"to handle both sole trader and landlord income at the same time, your clients can use QuickBooks Sole Trader Plus."

i read from this the word "and" rather than "or" implying that both income streams (sole trader AND landlord) are catered for in ONE sole-trader plus account.

However, in this post-

https://quickbooks.intuit.com/learn-support/en-uk/account-management/re-will-a-single-sole-trader-pl...

it implies two sole trader plus accounts would be required. I am confused.

MoiraskyeT
QuickBooks Team

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

Hi, @steven. To clarify, one QuickBooks subscription can manage multiple rental properties, provided they are all owned by the same landlord. However, if those properties are under different legal ownership or licenses, separate QuickBooks accounts are required.
 
Specifically, each distinct "license" or business type requires its own subscription. 
 
Therefore, an individual with both self-employment income and rental property income would need to maintain two separate QuickBooks Sole Trader Plus accounts to keep those income streams independent.
 
Please keep us informed if you have any further questions or concerns.

ukSub
Level 1

Which plan do our clients need to provide MTD submissions for sole trader and landlord incomes simultaneously?

Quickbooks would be better to reword the description to "sole-trader OR landlord "rather than "sole-trader AND landlord" as this would be a clearer definition.

This is such a shame as i love the quickbooks interface over your competitors but that the "competitor" can offer everything in one account (saving account switching and saving and money) will sway me their way.

 

I've only been using the trial version for several days now, i have enjoyed using quickbooks and found it intuitive and easy to use so disappointed it has come to this. I anticipate there will be other users who feel the same way.

thanks for all your support and answers.

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