Income Tax (Trading and Other Income) Act 2005

350Extent of charge to taxU.K.
This section has no associated Explanatory Notes

(1)A post-cessation receipt is chargeable to tax under this Chapter only so far as the receipt is not otherwise chargeable to income or corporation 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 for any period.