Related Commentary  Related CasesRelated HMRC Manuals

173(1)  Where–

(a)a company (“company A”) acquires an asset as trading stock of a trade to which this section applies,

(b)the acquisition is from a company (“company B”) that at the time of the acquisition is a member of the same group of companies, and

(c)the asset did not form part of the trading stock of any such trade carried on by company B,

company A is treated for the purposes of section 161 as having acquired the asset otherwise than as trading stock and immediately appropriated it for the purposes of the trade as trading stock.

173(2)  Where–

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