Submit income based on property ownership share

Summary

Use Sage 50 Accounts to submit your share of UK Property income and expenses to HMRC. Sage applies your ownership percentage when it prepares your quarterly update.

Description

If you share ownership of one or more rental properties, you must report only your share of the income and expenses to HMRC.

In Sage 50 Accounts, you record the full income and expense amounts for the property business. Sage then applies your ownership percentage when it prepares your quarterly update.

When you set up MTD for Income Tax, Sage asks if you share ownership of any UK property.

If you select Yes, indicate whether your accounts already show your personal share:

Select No if they don't, then enter your ownership percentage
Select Yes if they do, you don't need to enter a percentage

How Sage applies your ownership percentage

When you enter an ownership percentage, Sage:

Reduces rental income to your share
Reduces allowable expenses to your share
Uses the adjusted totals in your quarterly update

EXAMPLE:

If you own 50% of a property, Sage submits 50% of the recorded income and expenses. Record the full income and expenses in Sage. Sage applies the ownership percentage at submission.

Mixed ownership percentages across property businesses

When you select the option to apply an ownership percentage, Sage applies this percentage to all MTD transactions.

You can't apply different percentages to different properties inside the same Sage 50 Company.

If you have the same percentage of ownership for all properties in the business, use one company, and apply the ownership percentage.

If your ownership percentage differs between properties inside the business, you have three options:

▼ Record transactions at the percentage of ownership and submit via Sage 50 Accounts

Record transactions related to each property at the percentage ownership you have, and submit your quarterly updates via Sage 50 Accounts.

EXAMPLE:

If you own 50% of property A and 30% of property B. Enter all transactions for property A at 50% of the total value. Record all transactions for property B at 30% of the total value.

▼ Record transactions in Sage 50 Accounts and submit via Sole Trader

Create a dedicated nominal code for each property.
Enter your transactions for each property against these nominal codes.
Use our article to help you export data from Sage 50 Accounts, and import to Sole Trader.

▼ Contact your accountant or bookkeeper

Your accountant or bookkeeper could have access to tools that can support complex scenarios.

Before you submit

Before submitting your quarterly update, confirm:

Your ownership percentage is correct
Your rental income and expenses are complete

Submitting the wrong ownership percentage can result in incorrect reporting to HMRC.

Solution Properties

Solution ID: 260527131743560
Last Modified Date: Thu Jun 11 13:47:26 UTC 2026
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