S261D, S261E Taxation of Chargeable Gains Act 1992 (TCGA 1992)

Any excess post-cessation expenses remaining after making a claim to set them against total income may be set against the chargeable gains arising in the tax year

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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