edward Verrall

What has CGT got to do with recording post-cessation receipts on my tax return? NOTHING! Please can someone read the ACTUAL query and provide me with a correct response.

Hi, Your response has nothing to do with my query. I have repeated below my follow-up question: "...I have looked at the document. Where do I record the post-cessation receipts on my tax return? I have notified HMRC that I ceased trading on the 31/12/2024 as a sole trader..." Please respond to the query. Thank you.

I have looked at the document. Where do I record the post-cessation receipts on my tax return? I have notified HMRC that I ceased trading on the 31/12/2024 as a sole trader.

I retired at the end of 2024 and will be submitting my self-employment tax return for the current tax year [2024/2025]. However, although I have ceased working and will no longer receive any income going forward, I will still have to incur the following business costs: [i] maintain Public Indemnity Insurance for 6 years; [ii] maintain cloud storage for 6 years; [iii] maintain the current business broadband account until the current agreement expires in March 2026. Question 1: Can I claim the ongoing expenses until the business obligations cease in future tax years? Question 2: If yes, do I claim the expenses by continuing to complete the self employment section of the tax return, or use some alternative method for claimimg the expenses?