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Cash basis for landlords

The default basis for landlords’ accounts.

Traders have been able to prepare their accounts using the cash basis since April 2013, as long as they meet certain eligibility conditions.

This option was extended to landlords running unincorporated property businesses from 6 April 2017.

However, while traders must elect for the cash basis, it applies by default to landlords who meet the qualifying conditions.

Consequently, if they do not want to prepare accounts using the cash basis they must elect for it not to apply.

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