Record rental income and UK landlord expenses

Use this article after you set up your Sage Sole Trader business for landlord income. Sage shows landlord categories for your income and expenses, so you can record property transactions correctly.

With a connected bank feed, Sage imports your transactions automatically. Sage may suggest a category based on previous activity. You can review and update this before saving.

If you use shared property ownership, enter the full value for each transaction. Sage applies your ownership percentage when it prepares your figures for submission.

See record rent with agent fees deducted if a letting agent deducts fees before payment.

1. In Sage Sole Trader, add the income or expense transaction in the usual way.
2. Select the landlord category that matches the transaction.
3. If Sage imported the transaction, review the suggested category.
4. Change the category if needed, then save the transaction.
5. If you use shared ownership, enter the full transaction value. Sage applies your ownership percentage when it prepares your figures for Making Tax Digital for Income Tax.