{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-180",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-180.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/180",
  "kind": "section",
  "number": "180",
  "heading": "Cost to buyer of stock valued on sale basis of valuation",
  "text": "(1) This section applies for the purpose of calculating the profits of the trade, profession or vocation carried on by the buyer of trading stock.\n(2) If the value of the stock is determined in accordance with—\n(a) section 175(3) or sections 176 to 178 (sale basis of valuation), or\n(b) section 164(3) or sections 165 to 167 of CTA 2009 (corresponding corporation tax rules),\nthe cost of the stock to the buyer is taken to be the value as so determined.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 180(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 609(2) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 180(2)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 609(3) (with Sch. 2 Pts. 1, 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/180",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}