Corporation Tax Act 2009

191Other rules about what counts as post-cessation receiptsU.K.
This section has no associated Explanatory Notes

(1)The following provisions treat certain amounts as post-cessation receipts for the purposes of this Part—

  • section 82(6) (contributions to local enterprise organisations or urban regeneration companies),

  • section 101(3) (distribution of assets of mutual concerns),

  • section 108(3) (receipt of benefits by donor or connected person),

  • section 192 (debts paid after cessation),

  • section 193 (debts released after cessation), as qualified, where appropriate, by section 56(4) (car F1... hire),

  • section 194 (transfer of rights if transferee does not carry on trade), and

  • section 1277 (income charged on withdrawal of relief after source ceases: unremittable income).

(2)Section 95 (acquisition of trade: receipts from transferor's trade) and section 194 (transfer of rights if transferee does not carry on trade) treat certain amounts as not being post-cessation receipts for the purposes of this Part.

Textual Amendments

F1Words in s. 191(1) omitted (with effect in accordance with Sch. 11 paras. 65-67 of the commencing Act) by virtue of Finance Act 2009 (c. 10), Sch. 11 para. 51