Jointly owned rental properties

Over 500,000 taxpayers in the UK own a rental property with one or more other people. So we’ve developed a simple solution to make life easier for APARI users.

Joint ownership can be tax efficient, for example, if you’re a couple and fall into different tax brackets. But it can also increase tax admin, as the property income and expenditure must be split between the owners, and they each need to do their own tax return.

APARI’s joint property feature allows one of the owners to do all of the bookkeeping for the property on behalf of all owners. The correct percentage of income, expenses and profit are automatically sent to each owner’s APARI account. You can also export the transactions if the other owner is not using APARI yet.

This works for any number of owners and any percentage split. It also works if you have a portfolio of properties which are jointly owned by different people. 

The video below gives a step-by-step guide to the joint property feature: 

APARI Software Ltd is an accounting software provider and does not supply specific tax advice. For more information please review our full terms and conditions.