# Corporation Tax Act 2010, Section 437B: Section 437A: supplementary


(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.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/437B (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-437B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.