Correct year to write off expense

golfdiva

Hi All

Just wondering which is correct year to write of an expense for a rented house

The scenario is :



Work was done in December 2019

Invoice received in March 2020. The invoice date gives March as “invoice date” but says “ for work completed in 2019”

Which is the correct year to write it off tax

The year the work was done ie 2019

The year I paid the for the work 2020

Does it matter that the year of the invoice is different to the year the work was done


Thanks in advance

Calahonda52

Is it all allowable as a 100% write off?
You can amend 2019 and get the refund back pretty much immediately or do it in 2020 and wait till early 21.
When was the work paid for?
If paid for in 19, then I would amend 19 (2019 not CV-19 )

golfdiva

Calahonda52 wrote: »

Is it all allowable as a 100% write off?
You can amend 2019 and get the refund back pretty much immediately or do it in 2020 and wait till early 21.
When was the work paid for?
If paid for in 19, then I would amend 19 (2019 not CV-19 )

It is 100% write off , ( maintenance of the house)

The work was paid for in 2020 . That is why I am wondering if it should be written off in the 2020 return .

The work was done in 2019 so not sure which is the correct year.

Do you think it can be done in either year ?

Just want to have it done correctly in the return

Calahonda52

I would put it into 2019 as work was incurred on the house in 2019.

golfdiva

Calahonda52 wrote: »

I would put it into 2019 as work was incurred on the house in 2019.

Thanks , that probably makes the most sense . I was just concerned when the invoice shows 2020 in case of an audit.