Jess BrooksMTD for ITSA starts 6 April 2026 for eligible sole traders and landlords. Learn what “digital records” mean, software/bridging options, what must be recorded, and key easements for jointly let properties and turnover under £90k.
Jess BrooksThinking of closing a limited company and moving to sole trader? Disincorporation can trigger tax on asset transfers, goodwill gains, SDLT/VAT issues, and different outcomes when extracting cash. Here are the key points to watch.
Jess BrooksMade a trading loss as a sole trader? You may be able to claim relief—against other income (same/previous year), against capital gains, or by carrying it forward to future profits. Opening/closing year rules and relief caps can apply.
Jess BrooksMTD for ITSA means keeping digital records of property income and expenses using compatible software (or a spreadsheet with bridging software). Here’s what must be recorded, plus simplifications for jointly let properties and turnover under £90k.