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Cash basis expense
archiebrown6
Posts: 1 Newbie
in Cutting tax
Hi everyone
Quick question: I'm filling out a self assessment tax return, and recording expenses on a cash basis. I've been filing returns for several years now. I bought a computer in 2015, which I use solely for work. I have never recorded it as an expense before. Can I record it as an expense for 2018/19? I've read conflicting information about this and hope someone can clarify.
Thank you
Archie
Quick question: I'm filling out a self assessment tax return, and recording expenses on a cash basis. I've been filing returns for several years now. I bought a computer in 2015, which I use solely for work. I have never recorded it as an expense before. Can I record it as an expense for 2018/19? I've read conflicting information about this and hope someone can clarify.
Thank you
Archie
0
Comments
-
No, on cash basis, you have to record expenses in year of purchase.0
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