C2

C1C3C4C5C6C7Part 3 Industrial buildings allowances

Annotations:
Modifications etc. (not altering text)
C1

Pt. 3 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 18 (with Sch. 10 para. 21); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)

C7

Pt. 3 restricted (19.7.2007) by Finance Act 2007 (c. 11), s. 36(1)-(3), (7)

Chapter 12 Supplementary provisions

360 Meaning of “lease” etc.

1

In this Part “lease” includes—

a

an agreement for a lease if the term to be covered by the lease has begun, and

b

any tenancy,

but does not include a mortgage (and “lessee”, “lessor” and “leasehold interest” are to be read accordingly).

2

In the application of this Part to Scotland—

a

leasehold interest” (or “leasehold estate”) means the interest of a tenant in property subject to a lease, and

b

any reference to an interest which is reversionary on a leasehold interest or on a lease is to be read as a reference to the interest of the landlord in the property subject to the leasehold interest or lease.