Clients (spouses) are about to start renting out their property in London to a new Tenant. Tenancy will start on March 30th. Approx 10,000 per month.
The tenany has offered to pay 6 months rent up front. It makes sense from a tax perspective for this rent to go on both their 2019/20 tax returns.
On a cash basis what is the earliest they should receive the rent (is 1st April okay or does it have to be on or after 6th April?) and is it the date the letting agent receives the money that matters OR the date the landlord getrs the money from the agent?