9 Post-cessation trade or property relief: tax-generated payments or events
Finance Act 2012 (2012 c 14) | Legislation

Anti-avoidance

9  Post-cessation trade or property relief: tax-generated payments or events

(1)     Part 4 of ITA 2007 (loss relief) is amended as follows.

(2)     In section 96(7) (post-cessation trade relief), after paragraph (b) insert—

“(ba)     section 98A (denial of relief for tax-generated payments or events),”.

(3)     After section 98 insert—

“98A Denial of relief for tax-generated payments or events

(1)     Post-cessation trade relief is not available to a person in respect of a payment or an event which is made or occurs directly or indirectly in consequence of,

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