We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Cash basis expense
Options
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards