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    Income tax - Income from UK land and property - Basis of assessment - Mandatory cash basis - 23065

    From 2017/18 onwards, all accounts for property income below £150,000 p.a. must be prepared using the cash basis rules (¶21010+), which means that profits are computed on the basis of receipts...

    Election to opt out of rental cash basis

    Election to opt out of rental cash basisSince 6 April 2017 rental property accounts must be prepared on the cash basis if the total of rents and other income you receive from your properties...