Sole trader business cessation

Emrhino Registered Posts: 39 ? ? ?
Hi all,

I'm sure this is obvious but can someone please just point it out for me?!

I have a sole trader client who has been trading for over 20 years with a year end of 31st August.

I completed his 31 Aug 13 accounts for his 2013/14 tax return but he then retired on 30th November 2013 meaning he has an extra 3 months accounts.

Can someone please advise me how to treat the Sep - Nov 13 accounts i.e. what's the best way to report this additional profit in his 2013/14 tax return?

I have not had to deal with this before and have managed to confuse myself over basis periods etc. by making the mistake of seeking the answer on the HMRC website!

Any pointers greatly appreciated!

Many thanks,



  • Guest
    Guest Registered Posts: 73 ? ? ?
    15 month accounts or 12 months + 3 months, don't forget the O/L relief from way back when....
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