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Set up a UK property business in Sage Sole Trader

Created on  | Last modified on 

Summary

Add a new business in Sage Sole Trader to record your UK property income and expenses. This gives you the right categories for Making Tax Digital (MTD) for Income Tax.

Description

Use a separate business in Sage Sole Trader for each income source. This keeps your records and MTD for Income Tax submissions separate.

If you have both self-employment and UK property income, set up two businesses under the same Sage login:

  • One business for your self-employment (sole trader) income
  • One business for your UK property (landlord) income

You don't need a new Sage account or a different email address. You can switch between businesses as needed.

NOTE:

You can't currently add a business using the mobile app.

Resolution

Add your UK property business

  1. Log in to your Sage account.
  2. From your business name dropdown, select Add a business.
  3. Enter the details of your business. 

    TIP:

    If you're unsure what to enter as the business name, you can use "Landlord" or something similar.

  4. When asked "What type of business is this?" select Sole Trader and select Continue to registered business address.
  5. Enter your registered business address, then select Continue to manage subscriptions.
  6. Select your Sole Trader product, then select Continue with subscription changes.
  7. Confirm your billing address, agree to the terms and conditions, then add your payment method.
  8. When Copilot asks “How do you earn income?” during onboarding, select I’m a landlord with a UK property.

Each business receives a separate invoice every month.

Record your property transactions

  1. Open your new UK property business from the business dropdown or Home page.
  2. Add your income and expense transactions.
  3. Use the UK property categories that match each transaction.

To switch between businesses, see Add a business to your existing account.

If you already record property in a Sole Trader business

If you have property records in your existing Sage Sole Trader business, re-enter them in your new UK property business. Sage can't move them for you.

  1. Open your existing Sage Sole Trader business.
  2. Note the details of each property income and expense transaction.
  3. Open your new UK property business.
  4. Re-enter each transaction using the matching UK property category.