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).