Corporation Tax Act 2009 section 189

Extent of charge to tax

Section 189 defines the limits of the tax charge on post-cessation receipts, setting out the circumstances in which such receipts are excluded from the charge under this Chapter.

• Post-cessation receipts are only taxable under this Chapter if they are not already subject to corporation tax or income tax elsewhere
• Receipts already included in calculating the trading profits of any period are excluded from the charge
• Receipts belonging to a non-UK resident company are exempt if the income arises outside the United Kingdom
• Receipts from a trade carried on wholly outside the United Kingdom are exempt, unless the trade involves dealing in or developing UK land