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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
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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
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Not many , it was meant to be may*
February 6, 2022 at 11:54 am #648203
Tax Tutor
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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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