Commentary

B2.801 Background

Business tax
Business tax | Commentary

B2.801 Background

Business tax | Commentary

Division B2.8     Post-cessation receipts

For updates affecting this Division please see Part B0 Updates

Post-cessation receipts—general

B2.801 Background

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.

Cessation of the trade

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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