Finance Act, 1984
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CHAPTER IX Amendment of Provisions in relation to Decrease in Stock Values other than in Trade of Farming | ||
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Decrease in stock values: corporation tax. |
59.—(1) Subject to sections 60 and 65 , this section applies to any amount which, as respects an accounting period of a company ending after the 5th day of April, 1982, would, apart from this section, fall to be treated by virtue of section 31A (inserted by the Finance Act, 1976 ) of the Finance Act, 1975 , as a trading receipt of the company's trade for that accounting period. | |
(2) Notwithstanding any provision to the contrary other than section 60 , an amount to which this section applies in relation to a company shall not be treated as a trading receipt of the company's trade. |