FeaturesExpenses and receipts
Receipts read for you, filed against the right property
Upload a receipt and the supplier, amount, VAT and date are read and saved as a draft for you to check. Costs sit against each property in the tax year they belong to, with capital spending and mortgage interest kept apart.
- Free for one property
- Receipts, bank import and mileage
- CSV export, Xero-compatible
How it works
- 01Upload the receipt
- 02Check the draft
- 03It lands in the tax year
- 04Use the figures
The short answer
What is landlord expense tracking?
Landlord expense tracking records what each property costs, in a way that turns into tax figures without a January rebuild. It replaces a shoebox of receipts, a spreadsheet and a guess about which property a bill belonged to.
In LetCompliance you upload a receipt as a PDF or photo. The supplier, the amount including VAT, the VAT, the date and the invoice number are read from it, with a suggested property and category, and saved as a draft so nothing is filed until you have checked it.
Costs are held against each property in the UK tax year, including the first five days of April. Capital spending is kept apart from running costs, mortgage interest is held separately for the Section 24 credit, and replacing furniture or appliances has its own category.
A bank statement import suggests matches, recurring costs such as insurance are drafted each month, and a mileage log uses HMRC’s rates. The same figures feed Making Tax Digital for Income Tax, and everything exports as CSV.
What it does
Three things that make the tax return the easy part.
Receipts read, not typed
Upload a PDF, JPG, PNG or WebP up to 4 MB. The supplier, amount, VAT, date and invoice number are read and saved as a draft, and a likely duplicate, same amount within a week or the same invoice number, is flagged before it is saved twice.
Every cost on its property
Costs sit against the property they belong to, and one bill can be split across several properties. The property and category are suggested from the receipt, and you confirm them.
Always in the right tax year
Figures run on the UK tax year from 6 April, with capital spending and mortgage interest kept apart from running costs, so the year-end totals are the totals you need.
In detail
What expense tracking includes
The detail behind the headline features.
- Recurring costs
- Regular costs such as insurance or a service contract are drafted each month for you to confirm.
- Bank statement import
- Import a statement and payments are matched to costs and rent, with suggestions to accept.
- Mileage at HMRC rates
- Log business journeys and the claim is worked out at HMRC’s mileage rates, free on every plan.
- Split bills
- One invoice, such as a block insurance policy, can be split across several properties.
- Exports
- CSV with supplier, invoice number and VAT, a Xero-compatible CSV, and a receipts pack as a PDF.
- A record of a sale
- Record what you paid and sold a property for; it is a record for your accountant, not a Capital Gains Tax calculation.
Step by step
From a receipt to a figure on your return
- Step 1
Upload the receipt
A PDF or photo from your phone or computer, up to 4 MB.
- Step 2
Check the draft
Supplier, amount, VAT, date, property and category are filled in for you to confirm.
- Step 3
It lands in the tax year
Running costs, capital spending and finance costs are kept apart for each property.
- Step 4
Use the figures
Export to CSV or Xero, or use them for Making Tax Digital for Income Tax.
The difference
The same bookkeeping, without January
By hand
In LetCompliance
A shoebox of receipts sorted once a year
Receipts uploaded and read as they arrive
Typing supplier, amount and VAT by hand
Read from the receipt and saved as a draft to check
Guessing which property a bill belonged to
A suggested property, confirmed by you, or split across several
Mortgage interest mixed in with repairs
Finance costs held separately for the Section 24 credit
Same account
Expenses are half of the tax figures. The rest is in the same login.
Rent, repairs and the tax return sit on the same properties.
See every feature- Rent recorded against every tenancy
- Repair costs posted from the maintenance log
- Making Tax Digital for Income Tax, free for one property
- SA105 Tax Pack and Section 24 on paid plans
- A 0 to 100 compliance score for every property
- A free tenant portal, no password to remember
Questions
Questions, answered
Is expense tracking free?
Finance, receipt reading, bank statement import, mileage and Making Tax Digital for Income Tax are free for one property. The SA105 Tax Pack, the Section 24 calculator and reports are part of the paid plans, from £14.99 a month.
What does receipt reading pick up?
The supplier, the amount including VAT, the VAT, the date, the invoice number and a description, with a suggested category and property. Every result is saved as a draft for you to check before it counts.
Can I email receipts in?
Not at the moment. Receipts are uploaded as a PDF, JPG, PNG or WebP of up to 4 MB, from a phone or a computer.
How are repairs and improvements kept apart?
Capital spending, such as an extension, is recorded separately from running costs, and replacing furniture or appliances has its own category. Mortgage interest is held apart for the Section 24 tax credit.
Can I export for my accountant?
Yes. Export a CSV with the supplier, invoice number and VAT, a CSV laid out for Xero, or a receipts pack as a PDF.
Does it work on the tax year?
Yes. Figures run from 6 April to 5 April, so costs dated in the first days of April fall in the right year.
UK-built · Founder-led · GOV.UK-cited
Built by a landlord, for landlords.
I let property myself, so I know what it costs to juggle an agent, a spreadsheet and a handful of reminder apps just to stay on the right side of the law. LetCompliance puts all of it behind one login: advertise the property, take applications, collect the rent, and keep every certificate and notice in order, each taken straight from GOV.UK.