Updating post from Reddit.

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INFORMATION
Posted by phpadam 1 month ago
Making Tax Digital - What year will it apply to your rental income?
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Posted by Schallpattern 1 month ago

Starts April next year.

Still wrapping my head around it.

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Posted by djkhaled108 1 month ago

When we say starts next year, does that mean income from 25-26? Or 26/27?

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Posted by Wipedout89 1 month ago

I'm trying to work out if it means any landlord who has over 50K income including PAYE

Or just landlords making 50K from landlord income

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Posted by TravelOwn4386 1 month ago

Oh this is a good question, can anyone answer?

Edit: I just looked and qualifying income is only self employment income and property income.

It also states that PAYE, dividends from own company, partnership income, savings interest or pension income is classed as not.

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Posted by Wipedout89 1 month ago

Ah brilliant thanks for checking. I will escape this for now then

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