Our client had the misfortune to be flooded out of his business premises in mid February of 2020. As it was not the first time he'd suffered like this he decided to throw in the towel. Then COVID-19 arrived - and the local council sent him his £10,000 grant. Is this income of the business or not?
29th Jan 2021
£10,000 Local Authority grant after cessation
Client was paid the grant after trading ceased. Is it income of the business?
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