167 Sale basis of valuation: election by connected persons
Corporation Tax Act 2009 (2009 c 4) | Legislation

167  Sale basis of valuation: election by connected persons

(1)     The value of trading stock is determined in accordance with this section if—

(a)     it is sold to a person who carries on, or intends to carry on, a trade, profession or vocation in the United Kingdom and is entitled to deduct the cost of the stock as an expense in calculating the profits of that trade, profession or vocation for corporation or income

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