Money Tips Daily by Charles Kelly, former IFA and author of

Making Tax Digital: What UK Self-Employed & Landlords MUST Do Before the New HMRC Rules Hit on 6 April 2026!

Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in decades, and it will significantly impact self-employed business owners and landlords who own residential property in their personal name. If you currently submit a Self-Assessment tax return once a year, these new rules will change how and when you report income to HMRevenue & Customs (HMRC).Watchvideo version: https://youtu.be/PK4GckbgmUIStarting6 April 2026, under the new Making Tax Digitalfor Income Tax (MTD for IT) rules, millions of UK taxpayers must keepdigital records and submit quarterlyupdates using approved accountingsoftware apps listed on the HMRC website. This affects self-employedindividuals and landlords earning above the income threshold from trading orproperty.Instead of one annual tax return, you’ll submit five - four quarterly updates plus a final declaration each year.This means accurate record-keeping, more frequent reporting, and potentiallyhigher accounting and software costs for small business owners and propertyinvestors.For many landlords with residential property in their own name,especially those managing multiple rental properties, adopting digital bookkeepingsoftware will be essential. This means switching from spreadsheets or paperrecords to compliant cloud accounting platforms.HMRC say the aim of MTD is toreduce errors and modernise the UK tax system, but it also means more red tape, admin and planning for millions taxpayers.Self-employed workers andlandlords should start preparing early to avoid penalties and stay compliant when the rules fully apply.Landlordsalready hit by Section 24 taxchanges and the Renters Rights Act should seek professional advice and avoidignoring the changes which are coming next month.Making Tax DigitalContact DNS - https://www.dnsassociates.co.uk3 Steps To Success Money Management!I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. Join me online on my free live money management trainingWednesday at 7.00PM. Places are limited, so registernow below to avoid disappointment.https://bit.ly/3QPp8IHLandlords DraggedInto Section 24 TAXAs 7 million people set to pay higher rate, 40%, tax thisyear, 16,000 millionaires will leave the UK this year under Rachel Reeves taxpolicies. Watch video - https://youtu.be/zH1p2uXz4C8More landlords are being sucked into higher tax bands andpaying more tax due to George Osborne’s ‘Section 24’ tax hike.If you are a buy-to-let property landlord and help withSection 24, contact: Charles@charleskelly.net#tax #section24 #landlordtax #higherratetax #MoneyTipsPodcast#MakingTaxDigital #UKLandlords #SelfEmployedUK #PropertyInvesting

Making Tax Digital: What UK Self-Employed & Landlords MUST Do Before the New HMRC Rules Hit on 6 April 2026!

Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in decades, and it will significantly impact self-employed businessowners and landlords who own residential property in their personal name. Ifyou currently submit a Self-Assessment tax return once a year, these new ruleswill change how and when you report income to HMRevenue & Customs (HMRC).Watchvideo version: https://youtu.be/PK4GckbgmUIStarting6 April 2026, under the new Making Tax Digitalfor Income Tax (MTD for IT) rules, millions of UK taxpayers must keepdigital records and submit quarterlyupdates using approved accountingsoftware apps listed on the HMRC website. This affects self-employedindividuals and landlords earning above the income threshold from trading orproperty.Instead of one annual tax return, you’ll submit five - four quarterly updates plus a final declaration each year.This means accurate record-keeping, more frequent reporting, and potentiallyhigher accounting and software costs for small business owners and propertyinvestors.For many landlords with residential property in their own name,especially those managing multiple rental properties, adopting digital bookkeepingsoftware will be essential. This means switching from spreadsheets or paperrecords to compliant cloud accounting platforms.HMRC say the aim of MTD is toreduce errors and modernise the UK tax system, but it also means more red tape, admin and planning for millions taxpayers.Self-employed workers andlandlords should start preparing early to avoid penalties and stay compliant when the rules fully apply.Landlordsalready hit by Section 24 taxchanges and the Renters Rights Act should seek professional advice and avoidignoring the changes which are coming next month.Making Tax DigitalContact DNS - https://www.dnsassociates.co.uk3 Steps To Success Money Management!I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. Join me online on my free live money management trainingWednesday at 7.00PM. Places are limited, so registernow below to avoid disappointment.https://bit.ly/3QPp8IHLandlords DraggedInto Section 24 TAXAs 7 million people set to pay higher rate, 40%, tax thisyear, 16,000 millionaires will leave the UK this year under Rachel Reeves taxpolicies. Watch video - https://youtu.be/zH1p2uXz4C8More landlords are being sucked into higher tax bands andpaying more tax due to George Osborne’s ‘Section 24’ tax hike.If you are a buy-to-let property landlord and help withSection 24, contact: Charles@charleskelly.net#tax #section24 #landlordtax #higherratetax #MoneyTipsPodcast#MakingTaxDigital #UKLandlords #SelfEmployedUK #PropertyInvesting

Stock Markets Tumble as BOMBS DROP on Iran in New Middle East War

Stock Markets Tumble as BOMBS DROP on Iran in New Middle East War Watch video - https://youtu.be/mIMuSm7JoLg3 Steps To Success Money Management!I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. Join me online on my free live money management trainingWednesday at 8.00PM. Places are limited, so registernow below to avoid disappointment.https://bit.ly/3QPp8IHWhy Invest in Gold and Silver? See full video - https://youtu.be/or-8kiTZZxM See my interview with Josh Saul, gold expert, discussing the merits ofincluding precious metals in your portfolio. Click here https://pure-gold.co/charles-kellyfor a free gold, investment report, and discovery call. For a free gold, investment report, and Discovery Call,click here.  https://pure-gold.co/charles-kelly Where to find me: Money Tips website: https://moneytipsdaily.com  YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6EgMoney Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunitiesLinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 #warzone #iran #trump #stockmarket #GoldVsSilver #BuyGold#BuySilver #PreciousMetals #InflationHedge #SafeHavenAssets #GoldPrice#SilverPrice #WealthProtection #FinancialUncertainty #MoneyTips#CharlesKellyMoneyTips #property

Stock Markets Tumble as BOMBS DROP on Iran in New Middle East War

Stock Markets Tumble as BOMBS DROP on Iran in New Middle East War Watch video - https://youtu.be/mIMuSm7JoLg3 Steps To Success Money Management!I want to take you to the next level, help you get controlof your money, learn how to invest and become financially free. Join me online on my free live money management trainingWednesday at 8.00PM. Places are limited, so registernow below to avoid disappointment.https://bit.ly/3QPp8IHWhy Invest in Gold and Silver? See full video - https://youtu.be/or-8kiTZZxM See my interview with Josh Saul, gold expert, discussing the merits ofincluding precious metals in your portfolio. Click here https://pure-gold.co/charles-kellyfor a free gold, investment report, and discovery call. For a free gold, investment report, and Discovery Call,click here.  https://pure-gold.co/charles-kelly Where to find me: Money Tips website: https://moneytipsdaily.com  YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6EgMoney Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunitiesLinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2 

Lifetime Mortgages vs RIO Mortgages – What Over-55s Need to Know About Equity Release

Home Equity Release Mortgages Explained By Leading Expert With 18 Years ExperienceIf you’re over 55 and property-rich but cash-poor, home equity release could be an option worth understanding. In the UK, the most common type is a lifetime mortgage.Watch full video: https://youtu.be/eNmhqQmthNwInthis Money Tip’s interview, Equity Release Mortgage expert Darren Cohen, explainsthat a lifetime mortgage allows you to borrow money secured against your homewhile retaining ownership. Unlike a traditional mortgage, you don’t have tomake monthly repayments unless you choose to. Instead, the interest typically“rolls up” and is added to the loan. The balance is repaid when you die or moveinto long-term care, usually from the sale of the property.There are several types or variations of lifetime mortgages:1.Roll-up Lifetime Mortgage – The most common option. Nomonthly payments are required; interest compounds over time, which cansignificantly increase the mortgage debt.2.Interest-Paying Lifetime Mortgage – You pay some or all of themonthly interest to reduce the final balance. Early repayment penaltiestypically apply during the first seven years.3.Drawdown Lifetime Mortgage – You release funds in stages,meaning you only pay interest on the money actually withdrawn.Another option is a Retirement Interest-Only (RIO) mortgage. With aRIO, you pay the interest each month, but the capital is repaid when theproperty is sold after death or entry into care. Because you’re servicing theinterest, the debt does not grow. However, you must prove affordability, unlikemost lifetime mortgages.Thereare a small number of lenders who will grant a fixed term Interest Onlymortgage, subject to affordability. With an Interest Only mortgage or a RIO,your home may be repossessed if you do not keep up repayments.Equityrelease can provide tax-free cash for supplementing retirement income, homeimprovements, or helping family. But it will reduce the value of your estateand may affect means-tested benefits.Always seek independent financial advice and choose lenders approved by theEquity Release Council, which offers protections such as the “no negativeequity guarantee.”Used wisely, equity release can bea powerful retirement and inheritance tax planning tool — but it must beunderstood properly first.Ifyou are interested in exploring Equity Release, contact Darren Cohen at RightHomes Equity Release Ltd (www.linkedin.com/in/darrenscohen) or email charles@charleskelly.net. #EquityRelease#LifetimeMortgage #RIOMortgage #UKFinance #RetirementPlanning #Over55Finance#MoneyTips #PropertyWealth #FinancialFreedom #laterlifemortgages