- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question
Is the cash basis of assessment for property income used for individuals only or is it for both individuals and businesses
The difference is between individuals who are subject to income tax and where the cash basis applies – and companies who are subject to corporation tax and the cash basis does NOT apply. “Businesses” may be either incorporated where the company is subject to corporation tax or unincorporated where the individual owner is subject to income tax