Statute
Section 195 — Corporation Tax Act 2009: Transfer of trading stock
Text of the provision Official document
Transfer of trading stock 195 1 When a company permanently ceases to carry on a trade, a sum realised by the transfer of trading stock is not a post-cessation receipt if a valuation of the stock is brought into account in accordance with Chapter 11 (valuation of stock).
2 In this section “ trading stock ” has the meaning given by section 163.
Official source: legislation.gov.uk
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