Furnished Holiday Let

Furnished Holiday Let & Cash Basis

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Client has a new holiday let. Meets all the relevant conditions to qualify as a FHL. Am I right that for 2015/16, we are unable to use the cash basis as it does not qualify as a trade in that sense i.e. accruals plus capital allowances on wardrobes etc?

Thanks 

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By Tim Vane
24th Jan 2017 10:18

Cash basis is not applicable for property income.

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