# Finance Act 2013, Paragraph 4


In Chapter 18 (post-cessation receipts), in section 254 (allowable deductions), after subsection (2A) (inserted by paragraph 39 of Schedule 4) insert—
“(2B) If—
(a) the loss or expense is incurred, or the debit arises, in relation to a vehicle, and
(b) immediately before the person permanently ceases to carry on the trade, section 94D (deduction allowable at fixed rate for expenditure on vehicles) applies in relation to the vehicle,
assume for the purposes of subsection (2) that that section applies in relation to the vehicle.”

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/5/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-5/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.