250 Receipts relating to post-cessation expenditure
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

250  Receipts relating to post-cessation expenditure

(1)     This section applies if a person who has permanently ceased to carry on a trade makes a payment in circumstances where relief is available under [section 96 of ITA 2007] (relief for post-cessation expenditure).

(2)     The following sums are treated as post-cessation receipts—

(a)     in the case of a payment within [section

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