trading stock definition
trading stock means assets owned by a person that are sold or intended to be sold in the ordinary course of a business of the person, work in progress on such assets and inventories of materials to be incorporated into such assets and includes, in the case of a person carrying on a banking business, loans made in the ordinary course of that business;
trading stock means assets owned by a person that are sold or intended to be sold in the ordinary course of a business of the person, work in progress on such assets, inventories of materials to be incorporated into such assets and consumable stores;
trading stock means; (Sec. 195)
More Definitions of trading stock
trading stock means anything produced, manufactured, purchased, or otherwise acquired for manufacture, sale, or exchange for the purposes of producing taxable business income, and includes any materials or supplies to be consumed in the production or manufacturing process, and livestock;
trading stock. , in relation to any business, means anything produced, manufactured, purchased or otherwise acquired for the purposes of manufacture, sale or exchange including uncompleted work on hand or in progress, or the proceeds from the disposal of which form, or will form, part of the assessable income of such business;
trading stock. , in relation to any trade, means any property of any description whether real or personal being either—
trading stock means trading stock as defined in section 1(1); and
trading stock. , for chapter 9, means a used vehicle offered or exposed for sale by a vehicle dealer in the course of the dealer’s business, other than a vehicle used—
trading stock means anything produced manufactured acquired or purchased for purposes of manufacture sale or exchange :
trading stock means stocks of consumables, inventory, raw materials and packaging