Solution Properties
Solution ID:
260506095607940
Last Modified Date:
Wed Jun 10 12:21:48 UTC 2026
Taxonomy Path:
Case category//How do I...//setting up
Author:
[email protected]
Making Tax Digital for Income tax for UK property businesses
Description

Business types supported:

  • UK Property Businesses
  • Shared Ownership where the % owned is the same across all properties

NOTE:

Sage 50 Accounts won’t support submissions where the % owned is different across multiple properties.

HMRC requires each person to submit their own quarterly updates for Making Tax Digital for Income Tax.

This means you'll need a separate company in Sage 50 Accounts for each person. This is because you can only link one Government Gateway ID to each company.

For example, a husband and wife each own 50% of a business and earn over £50,000. If they currently use one company, they must split the records. Each person needs their own company with their share of the transactions for their individual quarterly updates.

Sage 50 Accounts will guide you to assign HMRC Income Tax categories to your nominal codes. This process includes past transactions, even those entered before you set the categories.

We recommend that you post transactions to the correct nominal codes before you upgrade. This ensures your data is accurate.