Division B2.8 Post-cessation receiptsFor updates affecting this Division please see Part B0 UpdatesPost-cessation receipts—generalB2.801 BackgroundLegislation exists 1 which brings such receipts arising from a trade which has ceased, known as post-cessation receipts, into charge. For income tax purposes these provisions apply to trades as well as professions and vocations2.Cessation of the tradeIf receipts continue, it is possible that the trade has not yet ceased in which case the post-cessation receipts legislation will not apply. Consequently, it is important to check that the trade has in fact come to an end. For example, making the decision to
For updates affecting this Division please see Part B0 Updates
Legislation exists 1 which brings such receipts arising from a trade which has ceased, known as post-cessation receipts, into charge. For income tax purposes these provisions apply to trades as well as professions and vocations2.
If receipts continue, it is possible that the trade has not yet ceased in which case the post-cessation receipts legislation will not apply. Consequently, it is important to check that the trade has in fact come to an end. For example, making the decision to
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