Part 2Trading income
Chapter 18Post-cessation receipts
Charge to tax on post-cessation receipts
244Income charged
(1)
Tax is charged under this Chapter on the full amount of the receipts received in the tax year.
(2)
This is subject to—
(a)
sections 254 and 255 (allowable deductions), and
(b)
section 257 (election to carry back).