40 Changes in trading stock not made in course of trade
Finance (No 2) Act 2015 (2015 c 33) | Legislation

Income tax and corporation tax

40  Changes in trading stock not made in course of trade

(1)     In section 161 of CTA 2009 (changes in trading stock: transfer pricing rules to take precedence), after subsection (1) insert—

“(1A)     Subsection (1B) applies in relation to a disposal or acquisition if—

(a)     by virtue of subsection (1), section 159 or 160 does not apply, and

(b)     the market value amount is greater than the Part 4 TIOPA amount.

(1B)     An amount equal to the market value amount less the Part 4 TIOPA

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