246 Basic meaning of “post-cessation receipt”
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Meaning of “post-cessation receipts”

246  Basic meaning of “post-cessation receipt”

(1)     In this Part “post-cessation receipt” means a sum—

(a)     which is received after a person permanently ceases to carry on a trade, and

(b)     which arises from the carrying on of the trade

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