SCHEDULESF2

C1SCHEDULE 2 Regulated Activities

Annotations:
Modifications etc. (not altering text)
C1

Sch. 2 applied by 1974 c. 39, s. 16(6E)(c) (as inserted (1.9.2002) by S.I. 2001/544, arts. 2(1)(2)(b), 90(2); S.I. 2001/3538, art. 2(1))

Part II Investments

F1Other finance arrangements involving land

Annotations:
Amendments (Textual)

23A

1

Rights under any arrangement for the provision of finance under which the person providing the finance either—

a

acquires a major interest in land from the person to whom the finance is provided, or

b

disposes of a major interest in land to that person,

as part of the arrangement.

2

References in sub-paragraph (1) to a “major interest” in land are to—

a

in relation to land in England or Wales—

i

an estate in fee simple absolute, or

ii

a term of years absolute,

whether subsisting at law or in equity;

b

in relation to land in Scotland—

i

the interest of an owner of land, or

ii

the tenant's right over or interest in a property subject to a lease;

c

in relation to land in Northern Ireland—

i

any freehold estate, or

ii

any leasehold estate,

whether subsisting at law or in equity.

3

It is immaterial for the purposes of sub-paragraph (1) whether either party acquires or (as the case may be) disposes of the interest in land—

a

directly, or

b

indirectly.