S96, S98A, S99 Income Tax Act 2007

Post-cessation trade relief is available if the expenses are incurred within seven years of cessation and fall into specific categories

This guidance relates to post-cessation expenses incurred by individuals, trustees, personal representatives and non-resident companies subject to Income Tax only.

As discussed in BIM90090, there are a number of ways by which post-cessation expenses can be relieved. However, post-cessation expenses must first be set against post-cessation receipts arising in the same period from the same trade before considering any other method of relief (see BIM90095).

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