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Expenses Question

love2learn
Posts: 172 Forumite
in Cutting tax
I have roughly £2000 in expenses to claim for repairs to a property I rented out during the year 2014 - 2015.
The work was physically carried out during the tax year, but the company that carried out the work took a while to send me the invoice for payment. I made the payment on the 23/04/2015 so technically in the 2015 - 2016 tax year.
Is it ok for me to include these expenses on my self assessment for the year 2014 - 2015 given that the work was done during this year. The only reason the payment wasn't physically made during the 14 - 15 tax year was due to the builder talking too long to send me the invoice.
The work was physically carried out during the tax year, but the company that carried out the work took a while to send me the invoice for payment. I made the payment on the 23/04/2015 so technically in the 2015 - 2016 tax year.
Is it ok for me to include these expenses on my self assessment for the year 2014 - 2015 given that the work was done during this year. The only reason the payment wasn't physically made during the 14 - 15 tax year was due to the builder talking too long to send me the invoice.
0
Comments
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Income would similarly be required to reported when it is due, not when it is received.0
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