Part 3Property income
Chapter 10Post-cessation receipts
Meaning of “post-cessation receipts”
354C1Other rules about what counts as a “post-cessation receipt”
1
Section 355 (transfer of rights if transferee does not carry on UK property business) treats certain amounts as being, or not being, post-cessation receipts for the purposes of this Chapter.
2
The following provisions (which treat certain amounts as post-cessation receipts) apply for the purposes of this Chapter as they apply for the purposes of Chapter 18 of Part 2 (but as if any reference to a trade were to a UK property business)—
section 82(6) (contributions to local enterprise organisations or urban regeneration companies),
section 104(3) (distribution of assets of mutual concerns),
section 109(2) (receipt by donor or connected person of benefit attributable to certain gifts),
section 248 (debts paid after cessation),
section 249 (debts released after cessation), as qualified, where appropriate, by section 48(4) (car or motor cycle hire), and
section 250 (receipts relating to post-cessation expenditure).
3
This Chapter also needs to be read with—
a
section 310(3) (which treats certain amounts as not being post-cessation receipts), and
b
section 844 (which treats certain income as a post-cessation receipt: unremittable income).