S98 Income Tax Act 2007

Qualifying events are tightly defined in order to limit relief against total income

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 BIM90100, relief is available for post-cessation expenses against total income and/or chargeable gains if:

the person makes a ‘qualifying payment’ (see BIM90110), or

a ‘qualifying event’ occurs in relation to the debt owed to the person (see below).

A ‘qualifying event’ occurs in relation to a debt owed to the person if:

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