Cash Basis and Property Income Allowance (IFP3)
This webinar is aimed at individual landlords, and we’ll be covering:
- The cash basis for reporting the profits or losses of a property business - concentrating on the eligibility and main computational rules, and
- The Property Income Allowance - this allowance can be used as an alternative to deducting expenses. We’ll explain how the allowance works, as well as situations when it cannot be used.