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ukSub
ukSub
March 23, 2026
Question

Will a single "sole trader plus" account cater for a self-employed individual (sole-trader, no VAT) who also has a couple of rental properties?

  • March 23, 2026
  • 1 reply
  • 10 views

looking for a MTD solution for someone whose income is from employment, self-employment and a couple of rental properties. no VAT involved. thankyou

1 reply

R
RheaMaeHQuickBooks Team
QuickBooks Team
March 23, 2026

Hello there, Steven. QuickBooks Sole Trader Plus is suitable for a non-VAT registered business. You'll need a separate subscription to handle your rental business, but as long as all properties are under the same ownership, one additional subscription will cover them. This keeps your records organized and compliant with HMRC.

 

For your self-employment, the QuickBooks Sole Trader Plus account will manage all your business income and expenses. When it comes to your income from employment, you don't need an additional subscription. You can connect your bank feed and categorize salary deposits as Personal within the account. This approach ensures your business records remain accurate and that your employment income is kept separate from your tax-deductible expenses.

 

Feel free to return if you have follow-up questions.

ukSub
ukSubAuthor
March 24, 2026

thanks for the reply.
so are you suggesting this requires 3 quickbook accounts- one for self-employment and two others for the 2 properties? I
Is this advice to keep things clean (to monitor the properties individually), a legal requirement or limitations of this quickbooks product?

As i understand it, and forgive as i am new to all this, much of the the data submitted to HMRC will be combined and ultimately delivered as  income/expenses from self employment and income/expenses from self-employment besides other bits and bobs like bank interest, mileage, etc)

Overall this is a factor that means the difference between choosing quickbooks and another leading competitor 

L
Lyn_DQuickBooks Team
QuickBooks Team
March 24, 2026

Good day, Steven. No, you do not need three separate accounts. Under HMRC rules for Making Tax Digital (MTD) and Income Tax, your self-employment and your property portfolio are treated as two distinct income streams. However, all UK-based rental properties are grouped into one Property Business.

 

The QuickBooks Sole Trader Plus plan is designed specifically for one income. It doesn't natively allow you to split your tax summary into two distinct HMRC categories. Therefore, you only need two subscriptions, one QuickBooks license for Self-Employment and another Plus account to manage your property data or through a simple spreadsheet. HMRC views all your UK properties as one entity, so you only ever need one property record, not one per house.

 

 

If there’s anything else you’re unsure about, please get in touch. Happy to help you get this sorted.

 

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