# Finance Act 2024, Paragraph 30: Amendments of other provisions

Extent: E+W+S+N.I.

In section 254 (allowable deductions), for subsection (2A) substitute—
“(2A) If, immediately before the person permanently ceases to carry on the trade, the cash basis applies in relation to the trade, assume for the purposes of subsection (2) that the cash basis applies in relation to the trade.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/10/paragraph/30 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-10/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.