# Finance Act 2013, Paragraph 39


(1) Chapter 18 (post-cessation receipts) is amended as follows.
(2) In section 246 (basic meaning of “post-cessation receipt”), after subsection (2) insert—
“(2A) If, immediately before a person permanently ceases to carry on a trade, an election under section 25A (cash basis for small businesses) has effect in relation to the trade, a sum is to be treated as a post-cessation receipt only if it would have been brought into account in calculating the profits of the trade on the cash basis had it been received at that time.”
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/4/paragraph/39 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-4/paragraph-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.