New tax rules for Wembley buy-to-let landlords from 2026

We at Grey & Co want to make you aware of some important changes that are coming into effect from April 2026.

New tax rules for Wembley buy-to-let landlords from 2026
The UK Government is introducing Making Tax Digital (MTD) for Income Tax, which will affect how landlords report their income tax to HMRC.

The original plan was for Landlords income of £10,000 or more from their properties must file their income and expenditure tax returns quarterly (instead of annually) from 2024, however that has been moved to 2026/7.

From April 2026, all self-employed landlords or any landlord with an income of more than £50,000 will need to keep digital records and send HMRC via approved software quarterly updates on their income and expenditure.

Those landlords with a rental income of between £30,000 and £50,000 will need to do this from April 2027.

This means there will be four extra filings a year, with a fifth filing required to collate all the information.

The new regulations will also introduce a penalty point system to encourage compliance with submission dates.

The points system will replace the current fine structure, with an automatic £200 penalty applied once a certain number of points have been reached.

Exemptions are available for those who cannot cope with digital tax returns for genuine reasons. Landlords wishing to seek an exemption must apply through the HMRC website, and each case will be considered individually.

We understand this may be confusing and overwhelming for Wembley landlords.

That's why we are here to help.

If you have any questions or concerns about MTD for Income Tax, please don't hesitate to contact us at Grey & Co.

We are happy to assist you and guide you through the process and will be offering a new service to assist our clients with this process. And if we don't know the answer, we know someone who will!

Remember, these changes will be in effect from 6 April 2026, so it's essential to start preparing for them now. By getting ahead of the game, you can ensure that your tax returns are submitted on time and avoid penalties.

We are here to help, so don't hesitate to contact me with any questions you may have.

Abigail & the team at Grey & Co x.


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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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