Chapter 11 Trade profits: valuation of stock on cessation of trade

1. 162Valuation of trading stock on cessation
2. 163Meaning of “trading stock”
3. 164Basis of valuation of trading stock
4. 165Sale basis of valuation: sale to unconnected person
5. 166Sale basis of valuation: sale to connected person
6. 167Sale basis of valuation: election by connected persons
7. 168Connected persons
8. 169Cost to buyer of stock valued on sale basis of valuation
9. 170Meaning of “sale” and related expressions
10. 171Determination of questions