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Post Info TOPIC: Buy to Let Income


Guru

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Buy to Let Income
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Just a quickie guys, n gals;

 

I doing the books for a Buy to Let for a client, and they have the insurance done in one lump sum, now i'm fully aware of the accurals and prepayments methods but would this be applicable on such a small scale? Would i need to split their payment for this and next years Self assesments?



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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK



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Yes you would, accruals and prepayments apply to everyone, no matter how small the business.

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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 



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Excellent, thanks BB! Thank you very much! :D

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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK

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