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I'm filling in my tax return for residential property. I had a number of expenses that I had thought would fall under Annual Investment Allowance (generally tools and equipment). However, as I'm using cash basis, I cannot put them in that box. Where do they go on my tax return?
I've made a payment through my credit card in the 2021/2022 financial year and the repayment of that credit card will be in the 2022/2023 new financial year. I do my accounting on a cash basis. Am I correct in thinking that the expense should go in the 2021/2022 accounts?