Annex 1: Minor Changes in the Law Change 39: Trading income: valuation of stock: sections 164 to 167 and Schedule 1 Corporation tax
In the case of trading stock transferred to an individual who carries on a profession or vocation, this Act allows the stock to be valued at the price actually paid (see sections 164 to 167 of the Act). That basis of valuation is not available under section 100(1)(a) of ICTA.