Cash basis is a simpler way of working out your property business profits or losses. You add up
all your property income received (your turnover) and take off any allowable expenses paid in the
year. Don’t include money you owe or owed to you after 5 April 2020.
You can only use cash basis if your total income from UK property (including FHLs in the UK) or
income from foreign property (including FHLs inthe EEA) is up to £150,000.
To show indicate that you are using the Cash Basis for your property accounting on SimpleTax
Click on the Property Page and click on EDIT
Select the radio button option for HAVE YOU CALCULATED YOUR INCOME AND EXPENSE ON THE CASH BASIS?
