FREE WORKBOOK
Landlord Bookkeeping Template
Twelve months per property and combined, with the mortgage interest on its own line because it is not a deduction.
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Who this workbook is for
Anyone whose interest is in with the expenses
That single line is the commonest error in a landlord’s own records. Put £15,000 of interest in with the running costs and the sheet shows £5,000 of profit, which is what you keep but not what you are taxed on. The tax is charged on £20,000.
Anyone with more than one property
Portfolio totals hide the property that loses money every month. This is one column per property and one for the total, so both views are in front of you. The demo runs three: Manchester, Leeds and Sheffield.
Anyone heading toward Making Tax Digital
Quarterly updates report totals by category, so categorising per property as you go is the habit that makes them painless. Property income counts toward the threshold, and it counts gross.
