This section has no associated Explanatory Notes
89(1)Amend section 109A (relief for post-cessation expenditure) as follows.
(2)Omit subsection (3).
(3)In subsection (4) omit the unnumbered paragraph beginning with “If any sum”.
(4)In subsection (4A) omit the unnumbered paragraph beginning with “If any sum”.
(5)In subsection (6) for “section 105” substitute “section 254 of ITTOIA 2005 (allowable deductions against post-cessation receipts charged to income tax)”.
(6)After subsection (6) insert—
“(6A)This section applies in relation to a UK property business as it applies in relation to a trade, profession or vocation.”