How does MTD work for joint ownership?

Each co-owner is treated as a separate taxpayer under MTD. If you own a property 50/50 with your spouse, each of you reports your 50% share of the rental income and expenses in your own quarterly updates. Both owners need to register for MTD individually and use their own MTD-compatible software. August supports shared ownership, set your ownership percentage when adding a property, and August calculates your share of every transaction automatically. This works for any split, not just 50/50.