96 Post-cessation trade relief
Income Tax Act 2007 (2007 c 3) | Legislation

Post-cessation trade relief

96  Post-cessation trade relief

(1)     A person may make a claim for post-cessation trade relief if, after permanently ceasing to carry on a trade—

(a)     the person makes a qualifying payment, or

(b)     a qualifying event occurs in relation to a debt owed to the person,

and the payment is made, or the event occurs, within 7 years of that cessation.

(2)     If the claim is made in respect of a payment,

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