Related Commentary  Related HMRC Manuals

184(1)  If the work in progress is transferred for money or other valuable consideration to a person who–

(a)carries on, or intends to carry on, a trade, profession or vocation in the United Kingdom, and

(b)is entitled to deduct the cost of the work as an expense in calculating the profits of that trade, profession or vocation for income or corporation tax purposes,

the value of the work is taken to be the amount paid or other consideration given for the transfer.

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