650 Trading stock appropriations etc
Income Tax Act 2007 (2007 c 3) | Legislation

650  Trading stock appropriations etc

(1)     Subsection (2) applies if a person—

(a)     acquires securities otherwise than as trading stock of a trade the person carries on, and

(b)     appropriates the securities as trading stock for the purposes of such a trade (whether on the start of the trade or otherwise).

(2)     The person is treated for the

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