Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 200: Minor definitions
793.This section defines various terms used in this Chapter. It derives from section 162(1), (9) and (10) of ICTA.
794.The meaning of “market value” is defined. The wording of the definition has been changed to bring it into line with definitions of market value used elsewhere in this Act. See Note 23 in Annex 2.