Rent, repairs, and mortgage lines, provably complete
Property income is bank-statement income: rent arriving, agents deducting, repairs leaving. MTD for Income Tax brings qualifying landlords into quarterly digital updates from April 2026, and the statements are where those numbers start.
The shape of the work
- A small number of accounts receiving rent monthly, often mixed with personal transactions.
- Agent statements and bank statements must agree; discrepancies surface at tax time.
- Quarterly MTD updates mean statement data four times a year instead of a January scramble.
- Multiple properties often mean multiple accounts across different banks.
How the converter fits it
- A year of statements becomes one filterable sheet with signed amounts, so rent rows and repair invoices separate cleanly from personal noise.
- Verification proves the sheet is complete before you total a single figure for HMRC.
- Credits fit quarterly rhythm: convert four times a year and the unused credits wait, unlike a monthly plan.
- Statements never leave your browser, which matters for documents that carry your tenants' names and your mortgage details.
What it will not do for you
- No property-income categorisation; splitting rent from repairs stays your judgement or your accountant's.
- Certified layouts are personal current accounts at seven UK banks; specialist landlord-bank statements will be refused until certified.
- This is a data tool, not tax advice; MTD thresholds and dates are HMRC's and change.