# Value Added Tax Act 1983 (repealed 1.9.1994), Paragraph 6

Extent: E+W+S+N.I.

Where in the case of a business carried on by a taxable person, goods forming part of the assets of the business are, under any power exercisable by another person, sold by the other in or towards satisfaction of a debt owed by the taxable person, they shall be deemed to be supplied by the taxable person in the course or furtherance of his business.

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Source: https://www.legislation.gov.uk/ukpga/1983/55/schedule/2/paragraph/6 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1983-repealed-191994/schedule-2/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.