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Hi, in the third lecture for property income in example 5 it says that ‘Bill grants Richard a lease to a shop on 30 June 2018’ and that the ‘annual rent £5,000 is due on 1 July 2018’ and in the solution it’s not assumed that he had the house for 9 months only for the tax year 2018/19. Shouldn’t the rent be calculated as 5,000*9/12?
From 2018/19 the basis of assessment for rental income is the amount received in the tax year – not the accruals basis.