Version Superseded: 01/04/2010
Point in time view as at 01/12/2009.
Income and Corporation Taxes Act 1988, Cross Heading: Application of paragraph 6 in relation to transfers of trading stock etc is up to date with all changes known to be in force on or before 13 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
6A(1)Paragraph 6(2)(a) above does not affect the credits to be brought into account by the disadvantaged person in respect of—
(a)closing trading stock, or
(b)closing work in progress in a trade,
for accounting periods ending on or after the last day of the relevant accounting period of the advantaged person.
(2)For the purposes of sub-paragraph (1) above, the relevant accounting period of the advantaged person is the accounting period in which the actual provision was made or imposed.
(3)For the purposes of this paragraph “trading stock”, in relation to any trade, has [F1the meaning given by section 174 of ITTOIA 2005 or section 163 of CTA 2009.]
Textual Amendments
F1Words in Sch. 28AA para. 6A(3) substituted (1.4.2009 with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), Sch. 1 para. 291(4) (with Sch. 2 Pts. 1, 2)
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