S257 Income Tax (Trading and Other Income) Act 2005, Para 5 Sch 1BTaxes Management Act 1970, S198-S200Corporation Tax Act 2009

Post-cessation receipts incurred in the first six years after cessation can be carried back and treated as if they arose on cessation

There may be occasions where the person receiving the post-cessation receipt would rather that it was treated as arising at the date of the cessation of the trade.

It is possible to thus carry back the post-cessation receipt if it arises within six years of the date of cessation. The amount of the post-cessation receipt carried back is the amount as reduced by any post-cessation expenses incurred in the period (see BIM90095).

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