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Post Info TOPIC: do you use the same accounting year for a property rental as self-employment trading year?
rachel_mclean


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do you use the same accounting year for a property rental as self-employment trading year?
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Hi I have a new client this year, I don't have any info from the accountant who did the books last year. I have a year of June to June for self-employment but they also receive rental income.....do I use the same accounting year as the self-employment or will it be April to April??

 

Thanks in advance.



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Rachel
Merlion ABS


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I would suggest doing to the rental property accounts in line with the tax year.

Alternatively, contact the accountant or get the client too and ask for the information needed. The client maybe able to tell from last tax return done so might be worth having a look on there.

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rachel_mclean


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Thank you


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Rachel
YLB-HO


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Rental Income year end is always 05 April.

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Frauke
BKN Book-keeper of the year 2011
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