Charge to tax on post-cessation receiptsU.K.
280Charge to tax on post-cessation receiptsU.K.
The charge to corporation tax on income applies to post-cessation receipts arising from a UK property business.
281Extent of charge to taxU.K.
(1)A post-cessation receipt is chargeable to tax under this Chapter only so far as the receipt is not otherwise chargeable to corporation or income tax.
(2)Accordingly, a post-cessation receipt arising from a UK property business is not chargeable to tax under this Chapter so far as it is brought into account in calculating the profits of the business of any period.