# Corporation Tax Act 2009, Section 195: Transfer of trading stock


(1) When a company permanently ceases to carry on a trade, a sum realised by the transfer of trading stock is not a post-cessation receipt if a valuation of the stock is brought into account in accordance with Chapter 11 (valuation of stock).
(2) In this section “trading stock” has the meaning given by section 163.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/195 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-195
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.