Taxes Consolidation Act 1997 section 93

Cash basis, etc: relief for certain individuals

Section 93 provides age-related relief from the tax charge on post-cessation receipts for individuals who were at least 51 years old on 6 April 1970 and who had been using a conventional (non-earnings) basis of accounting for their trade or profession.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.