Related Commentary  Related HMRC Manuals

246(1)  In this Part “post-cessation receipt”  means a sum–

(a)which is received after a person permanently ceases to carry on a trade, and

(b)which arises from the carrying on of the trade before the cessation.

246(2)  For this purpose the reference to a person permanently ceasing to carry on a trade includes a reference to a company ceasing to be within the charge to corporation tax in respect of a trade.

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