Part 2Trading income

Chapter 18Post-cessation receipts

Reliefs

256Treatment of post-cessation receipts

(1)

This section applies if—

(a)

an individual has permanently ceased to carry on a trade, and

(b)

the income arising to the individual from the trade was F1. . . relevant UK earnings within section 189(2)(b) of FA 2004.

(2)

Any post-cessation receipts arising to the individual from the trade are similarly F1. . . relevant UK earnings.