# Income Tax (Trading and Other Income) Act 2005, Section 350: Extent of charge to tax


(1) A post-cessation receipt is chargeable to tax under this Chapter only so far as the receipt is not otherwise chargeable to income or corporation tax.
(2) Accordingly, a post-cessation receipt arising from a UK property business is not chargeable to tax under this Chapter so far as it is brought into account in calculating the profits of the business for any period.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/350 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-350
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.