162 Valuation of trading stock on cessation
Corporation Tax Act 2009 (2009 c 4) | Legislation

Chapter 11
Trade Profits: Valuation of Stock on Cessation of Trade

162  Valuation of trading stock on cessation

(1)     If a company permanently ceases to carry on a trade, in calculating the profits of the trade—

(a)     trading stock belonging to the trade at the time of the cessation must be valued, and

(b)     the value must be determined in accordance with sections 164 to 167 (bases of valuation).

(2)     But no valuation of the stock is required under this Chapter if [section 147(3)

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