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BIM86046 | TMIA – Other Considerations: Post-Cessation Receipts

From HM Revenue & Customs · Business Income Manual

Post cessation receipts do not qualify for the trading allowance as they are not chargeable under Chapter 2 Part 2 ITTOIA05. Therefore, the trading allowance cannot be used to reduce an individual’s gross income from post cessation receipts.

More information on post-cessation receipts can be found at BIM90030 to BIM90075 inclusive.

More information on post-cessation expenses can be found at BIM90080 to BIM90135 inclusive.