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Finance Act 1967
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12(1)The principal section shall not be taken as affecting the reference to market value in paragraph 1(1) of Schedule 7 to the [1965 c. 25.] Finance Act 1965 (under which a person who appropriates an asset as trading stock is to be treated as selling it for its market value).
(2)A person to be treated under sub-paragraph (2) of the said paragraph 1 as having acquired any land (at the time when it is appropriated out of trading stock or is retained on his ceasing to carry on the trade) shall be treated as having acquired it for a consideration equal to its current use value at that time.
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