– see also Trading stock

Accrued income scheme

Commentary – Tax Reporter ¶334-750

Assets previously for personal use

Commentary – Tax Reporter ¶226-750
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Changes in trading stock

Acquisitions not made in the course of trade

Commentary – Tax Reporter ¶226-530

Appropriation by trader

Commentary – Tax Reporter ¶226-515

Becoming trading stock

Commentary – Tax Reporter ¶226-525

Disposals not in the course of trade

Commentary – Tax Reporter ¶226-520

Generally

Commentary – Tax Reporter ¶226-510
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Market value

Commentary – Tax Reporter ¶226-512
HMRC Guidance – BIM33525

Meaning of trading stock

Commentary – Tax Reporter ¶226-510
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Statutory concepts

Commentary – Tax Reporter ¶226-510
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher

Trading stock supplied by trader

Commentary – Tax Reporter ¶226-525

Transfer pricing rules, interaction with

Commentary – Tax Reporter ¶226-540

Chargeable gains

Assets taken into trading stock

Commentary – Tax Reporter ¶573-800
HMRC Guidance – CG60270

Assets taken out of

Commentary – Tax Reporter ¶573-850

Generally

Commentary – Tax Reporter ¶515-300

Groups of companies

Commentary – Tax Reporter ¶573-950

Husband and wife, transfers between

Commentary – Tax Reporter ¶573-900
Case Law – Petrotim Securities, Ltd. v. Ayres (H.M. Inspector of Taxes) ; Ridge Securities Ltd. v. Commissioners of Inland Revenue

Generally

Commentary – Tax Reporter ¶226-500

Sharkey v Wernher principle

Generally

Commentary – Tax Reporter ¶226-550 ; Tax Reporter ¶709-400
HMRC Guidance – BIM33630
Case Law – Sharkey (H.M. Inspector of Taxes) v. Wernher ; TENNANT v. SMITH (Surveyor of Taxes). ; WATSON BROS. v. HORNBY (H.M. INSPECTOR OF TAXES

Professions, disapplication

Commentary – Tax Reporter ¶226-600
Case Law – Mason (H.M. Inspector of Taxes) v. Innes ; Sharkey (H.M. Inspector of Taxes) v. Wernher

Transfer pricing application

Commentary – Tax Reporter ¶226-850
Case Law – (1) JULIUS BENDIT, LTD. v. COMMISSIONERS OF INLAND REVENUE (2) JULIUS BENDIT, LTD. v. DICKSON (H.M. INSPECTOR OF TAXES) ; Bath and West Counties Property Trust Ltd. v. Thomas (H.M. Inspector of Taxes) ; CRADDOCK (H.M. INSPECTOR OF TAXES) v. ZEVO FINANCE CO., LTD. ; Jacgilden (Weston Hall) Ltd. v. Castle (H.M. Inspector of Taxes) Jacgilden (Weston Hall) Ltd. v. Commissioners of Inland Revenue ; Petrotim Securities, Ltd. v. Ayres (H.M. Inspector of Taxes) ; Ridge Securities Ltd. v. Commissioners of Inland Revenue ; Sharkey (H.M. Inspector of Taxes) v. Wernher ; Skinner (H.M. Inspector of Taxes) v. Berry Head Lands Ltd. ; W.T. Ramsay Ltd v. Commissioners of Inland Revenue Eilbeck (H.M. Inspector of Taxes) v. Rawling

Substantial shareholding exemptions

Commentary – Tax Reporter ¶760-160