Property losses against post-cessation trade receipt

Property losses against post-cessation trade...

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I think this may be a simple answer but, as it is a bit unusual and I haven't saw it before, I just want confirmation. Say a company has brought forward property losses and receives a post-cessation receipt (relating to a trade that ceased 2 years ago), am I right in saying there is nothing to prevent the property losses being relieved against the post-cessation receipt? Slightly profitable in the period of cessation so an election to carry back the receipt will be of no use. As property losses can be offset against total profits I assume this is fine?

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Portia profile image
By Portia Nina Levin
04th Dec 2015 15:50

It is "I have not seen it

It is "I have not seen it before", not "I have not saw it before". Despite your bad grammar, your analysis appears sound.

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By YellowPostIt
04th Dec 2015 17:19

Despite the pretentious tone, I appreciate your comment.

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Portia profile image
By Portia Nina Levin
04th Dec 2015 17:23

Pretentious? Moi?

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