# Finance (No. 2) Act 2017, Paragraph 31


In section 353 (basic meaning of “post-cessation receipt”), after subsection (1) insert—
“(1A) If the time immediately before a person permanently ceases to carry on a UK property business falls in a cash basis tax year (see section 351(4)), 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 business on the cash basis had it been received at that time.”

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Source: https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/31 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2017/schedule-2/paragraph-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.