Related Commentary  Related HMRC Manuals

99(1)  This section applies for the purposes of post-cessation trade relief in respect of a person's trade if a deduction was made in calculating the profits of the trade for an expense not actually paid (an “unpaid expense”).

99(2)  The amount of the person's relief for a tax year is reduced (but not below nil) by–

(a)the total amount of unpaid expenses at the end of the tax year, or

(b)if the person carried on the trade as a partner in a firm, the person's share of the total amount of unpaid expenses at the end of the tax year.

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