Making Tax Digital (MTD) has changed how landlords manage their property finances in the UK. While HMRC free MTD software provides a straightforward way to submit quarterly updates to HMRC, it often falls short for landlords managing multiple properties or complex ownership structures. Without the right tools, compliance can become cumbersome, time-consuming, and prone to errors.
The Limitations of Free MTD Software for Landlords
For landlords with only one property, basic MTD software may suffice. However, once you own multiple properties or have shared ownership arrangements, several challenges arise:
- Tracking income and expenses across multiple properties
- Handling joint ownership and different profit-sharing ratios
- Integrating rental payments, mortgage tracking, and tenancy management
- Reconciling accounts across multiple bank feeds and invoices
While MTD software for landlords ensures your submissions meet compliance requirements, it doesn’t solve these operational challenges. For multi-property landlords, these gaps can lead to errors, wasted hours and stressful reconciliations at the end of the tax year.
Why RentalBux is the Solution
RentalBux is specifically designed by accountants for landlords and sole traders, combining property management with full accounting functionality. While HMRC free MTD software covers submissions, RentalBux goes further by offering:
- Multi-Property Management – Track income, expenses, and rent across all your properties in one platform.
- Joint Ownership and Profit-Sharing Support – Easily manage properties with multiple owners and different share ratios.
- Full Accounting Features – Bank feeds, invoicing, purchase tracking and automated reconciliations save time and reduce errors.
- Pre-Built Chart of Accounts – HMRC-aligned categories make bookkeeping simple and accurate.
- Automation & AI features
With RentalBux, multi-property landlords can manage their portfolios efficiently, ensuring every property is accurately tracked and compliant with MTD regulations.
Conclusion
For multi-property landlords, relying solely on HMRC free MTD software is no longer sufficient. While it meets basic compliance needs, it cannot manage the complexity of multiple properties, joint ownership, or automated accounting.
RentalBux fills this gap, combining full accounting, property management, HMRC-aligned compliance, and automation into one intuitive platform. By using RentalBux, landlords can simplify MTD compliance, save time, reduce errors, and gain clear insights into their property portfolios—making their financial management smarter, faster, and stress-free.
