S254-S255 Income Tax (Trading and Other Income) Act 2005; S96, S101 Income Tax Act 2007; S261D Taxation of Chargeable Gains Act 1992; S196-S197 Corporation Tax Act 2009

There are four different ways in which post-cessation expenses can be relieved and a specific order of priority is set out in the legislation

There are a number of different ways in which relief can be given for post-cessation expenses incurred by those subject to Income Tax:

deducted from post-cessation receipts (see BIM90095)

as losses which can be set against total income (known as post-cessation trade relief, see BIM90100)

as losses which can be deducted from chargeable gains (see BIM90130)

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