[172F Transfer pricing rules to take precedence]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Relationship with transfer pricing rules]

[172F  Transfer pricing rules to take precedence]

[(1)     Section 172D or 172E does not apply if the relevant consideration—

(a)     falls to be adjusted for tax purposes under [Part 4 of TIOPA 2010], or

(b)     falls within [that Part] without falling to be so adjusted.

[(1A)     Subsection (1B) applies in relation to a disposal or acquisition if—

(a)     by virtue of subsection (1), section 172D or 172E does not apply, and

(b)     the market value amount is greater than the Part

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