Finance Act, 1984
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Decrease in stock values: income tax. |
61.—(1) Subject to sections 62 and 65 , this section applies to any amount which, as respects an accounting period ending after the 5th day of April, 1982, would, apart from this section, fall to be treated by virtue of section 12 of the Finance Act, 1976 , as a trading receipt of a person's trade for that accounting period. | |
(2) Notwithstanding any provision to the contrary other than section 62 , an amount to which this section applies in relation to a person shall not be treated as a trading receipt of the person's trade. |