Partial payment allocation for tax purposes.

Hi all,

Please consider the following example of payments in relation to a rental property by a cash basis taxpayer:

Invoice 10 has the following items -

(i) Property management fees - $500

(ii) Capital expenditure - $3000

Total payment due - $3500.

If 50% of this ($1750) is paid in December 2025, and the rest paid in 2026, should the amount in 2025 paid be prorated to the two items?

i.e:

$250 for property management fees (expensed)

$1500 for CapEx for that property (capitalized)

Would this be accurate? Thanks!