1.0The Training Place of Excellencehttps://www.thetrainingplace.org/blogttpAdminhttps://www.thetrainingplace.org/blog/author/ttpadmin/rich600338<blockquote class="wp-embedded-content" data-secret="1PvDVirhoR"><a href="https://www.thetrainingplace.org/blog/2025/06/basis-periods-4-year-of-cessation/">Basis Periods (4) – Year of Cessation</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.thetrainingplace.org/blog/2025/06/basis-periods-4-year-of-cessation/embed/#?secret=1PvDVirhoR" width="600" height="338" title="“Basis Periods (4) – Year of Cessation” — The Training Place of Excellence" data-secret="1PvDVirhoR" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.thetrainingplace.org/blog/wp-includes/js/wp-embed.min.js </script> Year of Cessation The year of cessation is the year a business stops trading and closes down itsoperations. At such point, any taxable profits not yet subjected to tax will have to besubjected to tax in the tax year the business ceases to trade. Once the business has been trading over several years, the current ... Read More