Corporation Tax Act 2009 section 280

Charge to tax on post-cessation receipts

Section 280 establishes that corporation tax on income applies to receipts arising from a UK property business after that business has ceased trading.

• Post-cessation receipts from a UK property business are subject to corporation tax on income.
• This applies to any income received after the property business has permanently stopped operating.
• The charge covers receipts that relate to the former business activity, even though the business is no longer active.
• This ensures that income connected to a ceased UK property business does not escape the corporation tax net simply because the business has ended.