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Legislation
Income Tax Act 2007

Crossheading Post-cessation trade relief

  • Section 96 Post-cessation trade relief
  • Section 97 Meaning of “qualifying payment”
  • Section 98 Meaning of “qualifying event” etc
  • Section 98A Denial of relief for tax-generated payments or events
  • Section 99 Reduction of relief for unpaid trade expenses
  • Section 100 Prohibition against double counting
  • Section 101 Treating excess post-cessation trade relief as CGT loss
  1. Post-cessation trade relief
  2. Treating excess post-cessation trade relief as CGT loss

Section 101 | Treating excess post-cessation trade relief as CGT loss

From legislation.gov.uk

A person who cannot deduct all of an amount under a claim for post-cessation trade relief may be able to treat the unused part as an allowable loss for capital gains tax purposes: see sections 261D and 261E of TCGA 1992.

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