Starting your journey as a landlord can be exciting but also overwhelming. Between finding tenants, maintaining your property, and managing finances, it’s easy to feel swamped. One area that often causes confusion is compliance with HMRC’s Making Tax Digital (MTD) requirements. Luckily, free MTD software now allows first-time landlords to manage their accounts efficiently without any upfront costs.
RentalBux is a purpose-built platform for landlords and sole traders, combining property management and accounting in one intuitive system. It is HMRC-approved for MTD submissions, making it the ideal free MTD software for new landlords looking to stay compliant while keeping things simple.
Benefits of Starting with Free MTD Software
Manual bookkeeping and spreadsheets can be time-consuming and error-prone. RentalBux simplifies accounting with automation features such as:
- Automated Bank Feeds: All transactions are imported and categorised automatically, saving time and reducing mistakes.
- Recurring Invoices: Rent, service charges, and maintenance fees can be set to recur, ensuring accurate monthly records.
- OCR Bill Capture and AI Categorisation: Receipts and invoices are scanned and assigned to the correct categories instantly.
- Automated Reconciliations: Bank statements and invoices are reconciled automatically, giving landlords a clear overview of their finances.
These tools ensure that even first-time landlords can manage their accounts efficiently, making free MTD software a valuable starting point.
Property-Focused Features
Generic accounting software often struggles to address the unique needs of landlords. RentalBux is designed specifically for property owners:
- Manage tenants, rent schedules, mortgages, and property maintenance in one dashboard
- Support for joint ownership and multiple profit-sharing ratios
- Pre-built chart of accounts tailored for property and self-employment income
With these features, RentalBux stands out as the most practical free MTD software for first-time landlords, especially for those planning property expansion or business relocation in the future.
Find the Right Making Tax Digital Software for Income Tax
Start Free, Scale Easily
Even landlords with a single property can use RentalBux free until March 2028. As your portfolio grows, the software scales with you, offering automation, multi-property management, and advanced accounting features, while landlords can also explore text marketing to improve tenant communication and engagement.
For first-time landlords looking to simplify accounting, stay compliant, and reduce administrative stress, free MTD software like RentalBux is the smartest choice. By starting with a platform designed specifically for property owners, landlords can focus on growing their business rather than wrestling with spreadsheets and manual bookkeeping.
RentalBux proves why it is the leading free MTD software for landlords, combining automation, property-specific features, and HMRC approval into one easy-to-use platform.
