The fixed value requirement will only apply where the past owner is required to bring a disposal value into account in respect of the fixture in accordance with item 1, 5 or 9 of the Table in CAA01/S196. This will nearly always be the case where the pooling requirement has been satisfied. The fixed value requirement may be satisfied in one of three ways:

1. Election

We expect that in the vast majority of cases the fixed value requirement will be satisfied by the current owner and the past owner making an election under CAA01/S198 or S199CA26800 to fix the apportionment of one of the following

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