Part 12Real Estate Investment Trusts
Chapter 11Part 12: supplementary
Interpretation
608References to assets
1
A reference in this Part to an asset includes a reference to—
a
part of an asset, and
b
an interest in, or right in relation to, an asset.
2
A reference in this Part to assets used in business of a company includes a reference to assets—
a
which were acquired for the purpose of that business and which are not being used in another business,
b
which are available for use in that business, or
c
which are in any other way held in respect of, or associated or connected with, that business.
3
For the purposes of this Part an asset is “involved” in a business if it is property involved in the business as described in section 529(4)(a).