Section 437B — Corporation Tax Act 2010: Section 437A: supplementary

Section 437A: supplementary 437B 1 This section supplements section 437A.

2 Market value is to be determined on the assumption of a disposal by an absolute owner free from all leases and other encumbrances (including any agreement or arrangement that is or includes a plant or machinery lease).

3 If plant or machinery is a fixture, its market value is so much of the market value of the relevant land and the fixture together as is attributable to the fixture on a just and reasonable apportionment. 4 “ Relevant land ” has the meaning given in section 173(2) of CAA 2001.