Part 3 Confiscation: Scotland
Interpretation
150 Property: general provisions
(1)
Property is all property wherever situated and includes—
(a)
money;
(b)
all forms of property whether heritable or moveable and whether corporeal or incorporeal.
(2)
The following rules apply in relation to property—
(a)
property is held by a person if he holds an interest in it;
(b)
property is obtained by a person if he obtains an interest in it;
(c)
property is transferred by one person to another if the first one transfers or grants an interest in it to the second;
(d)
references to property held by a person include references to his property vested in his permanent or interim trustee (within the meaning of the Bankruptcy (Scotland) Act 1985 (c. 66)), trustee in bankruptcy or liquidator;
(e)
references to an interest held by a person beneficially in property include references to an interest which would be held by him beneficially if the property were not so vested;
(f)
references to an interest, in relation to land in England, Wales or Northern Ireland, are to any legal estate or equitable interest or power;
(g)
references to an interest, in relation to land in Scotland, are to any estate, interest, servitude or other heritable right in or over land, including a heritable security;
(h)
references to an interest, in relation to property other than land, include references to a right (including a right to possession).