Part 8Investigations

Chapter 4Interpretation

I1414 Property

1

Property is all property wherever situated and includes—

a

money;

b

all forms of property, real or personal, heritable or moveable;

c

things in action and other intangible or incorporeal property.

2

“Recoverable property” and “associated property” have the same meanings as in Part 5.

3

The following rules apply in relation to property—

a

property is obtained by a person if he obtains an interest in it;

b

references to an interest, in relation to land in England and Wales or Northern Ireland, are to any legal estate or equitable interest or power;

c

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;

d

references to an interest, in relation to property other than land, include references to a right (including a right to possession).