Personal Tax- ‘Expense’ types UK Land Property appear in Schedules Of Data/SA100 UKP2/MTD?

personal-tax-expense-types-for-uk-land-and-property-appear-in-schedules-of-data

Personal Tax- ‘Expense’ types UK Land Property appear in Schedules Of Data/SA100 UKP2/MTD?

9th May 2023

IRIS Personal Tax- How do certain Expense types for UK Land and Property appear in Schedules Of Data?

This expense category rule also applies in MTD 2025 onwards when expenses are listed in the DTH screens. (It may change due to future HMRC changes but remains like this).

When you have multiple expense types for a UK property and you run the ‘Schedules of data’ report – these expense types are automatically placed into 6 categories and totals the expenses. The PROPERTY INCOME TOTAL is then auto calculated and then applied into the relevant boxes on the SA100 UKP2 page boxes 24 to 29 ( See the 6 boxes the image below)

The table show how each type is placed into which category.

For example: If you have a Type 3 ‘Ground rents’ and Type 8 ‘Insurance’ they will show on the Schedules/SA100 as a combined entry under Box 24 ‘Rent, rate, insurance, ground rents etc’.

Links to UKP2 page boxes – Rent 24, Repairs 25, finance charges 26, legal 27, COS 28 and Other 29

Additional Expense Types 1= box 24, 10=box 35, 21=box 36, 22=box 33, 23=box 33.1, 26=box 33.2, 27=box 34.1