594.This section provides a definition for the purposes of this Chapter. It is based on paragraph 5 of Schedule 15 to FA 2008. The corresponding income tax rule is in section 172A of ITTOIA (inserted by Part 1 of Schedule 15 to FA 2008).
595.Subsection (2) sets out the main difference between this definition and the one used in Chapter 11 of this Part.
Commentary on Sections Overview Overview Section 156: Meaning of “trading stock”