Introduction

Different statutory definitions of ‘trading stock’ apply for the purposes of:

(1)the stock valuation rules applicable to a cessation of trade in CTA 2009, Part 3, Chapter 11 (¶709-350); and

(2)the stock valuation rules applicable to transfers of trading stock between trade and trader and other disposals and acquisitions not made in the course of trade in CTA 2009, Part 3, Chapter 10 (¶709-400).

Definition of trading stock — cessation of trade

In relation to such a cessation of trade, ‘trading stock’ is for corporation tax purposes defined (at CTA 2009, s. 163) as being either:

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