http://www.legislation.gov.uk/ukpga/2010/4/section/867Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-05-20Expert Participation2026-03-18 Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2) Part 19Chapter 38671Subsection (3) applies for the purpose of making a comparison under rule 4 of section 865(3).2In this section “the actual lease” means the lease mentioned in section 864(2)(a).3The commercial rent is the rent which might at the relevant time be expected to be paid under a lease of the asset if—athe lease were for the rest of the asset's expected normal working life,bthe rent were payable at uniform intervals and at a uniform rate, andcthe rent gave a reasonable return for the asset's market value at the relevant time, taking account of the actual lease's terms and conditions.4The relevant time is the time when the actual lease was created.5An asset's expected normal working life is the period which might be expected, when it is first put into use, to pass before it is finally put out of use as being unfit for further use.6In applying subsection (5) it must be assumed that the asset will be used in the normal way, and to the normal extent, throughout the period.7If the asset is used at the same time partly for the purposes of the trade mentioned in section 864(2)(b) and partly for other purposes, the commercial rent as defined in subsection (3) is to be determined by reference to what would be paid for such partial use.