Cash basis is a simpler way of working out your property business profits or losses. You add upall your property income received (your turnover) and take off any allowable expenses paid in theyear. Don’t include money you owe or owed to you after 5 April 2018.
You can only use cash basis if your total income from UK property (including FHLs in the UK) orincome 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
Click on EDIT
Select the radio button option for HAVE YOU CALCULATED YOUR INCOME AND EXPENSE ON THE CASH BASIS?