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Ch 3 property income , about ex 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Ch 3 property income , about ex 2

  • This topic has 2 replies, 2 voices, and was last updated 12 months ago by Tax Tutor.
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  • February 4, 2022 at 7:43 pm #648123
    blesson141
    Member
    • Topics: 9
    • Replies: 7
    • ☆

    Hello sir, in the second video ex 2, I did not understand why we did not include many 2019 redecoration , since it has been completed btn 1st July 2018 to 30th June 2019

    February 4, 2022 at 7:44 pm #648124
    blesson141
    Member
    • Topics: 9
    • Replies: 7
    • ☆

    Not many , it was meant to be may*

    February 6, 2022 at 11:54 am #648203
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    We work on a CASH basis not an accruals basis so although the expenditure was incurred in the tax year it is not PAID until the next tax year, so it will be in the tax year when it is paid that the redecoration expense will be allowed

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