UK Landlord Forum / Life

Hi
I am a private landlord just starting with my first tenant. Can I defer advance rent payments so that only the income for the current year is shown in the profit and loss?
Any advice welcome.
Thanks

Yes, it's perfectly reasonable to use the accruals basis for rental income. So, for example, if your tenant paid you six months' rent on 1st January, you'd only include three months of that in the tax year to 5th April, and the remaining three months would be deferred income, carried over to the next tax year.