Part 24Corporation Tax Acts definitions etc

Chapter 5Other Corporation Tax Acts provisions

1166Scotland

1

In the application of the Corporation Tax Acts to Scotland—

  • assignment” means assignation,

  • estate in land” includes the land,

  • mortgage” means—

    1. a

      a standard security, or

    2. b

      a heritable security, as defined in the Conveyancing (Scotland) Act 1924, but including a security constituted by ex facie absolute disposition or assignation, and

  • surrender” includes renunciation.

2

In the application of the Corporation Tax Acts to Scotland, any reference to property or rights being held on trust or on trusts is a reference to the property or rights being held in trust.