Capital Allowances Act 2001

531Meaning of “dwelling-house”, “lease” etc.

This section has no associated Explanatory Notes

(1)In this Part “dwelling-house” has the same meaning as in the Rent Act 1977 (c. 42).

(2)In this Part “lease” includes—

(a)an agreement for a lease if the term to be covered by the lease has begun, and

(b)any tenancy,

but does not include a mortgage (and “lessee”, “lessor” and “leasehold interest” are to be read accordingly).

(3)In the application of this Part to Scotland—

(a)“leasehold interest” means the interest of a tenant in property subject to a lease, and

(b)any reference to an interest which is reversionary on a leasehold interest or on a lease is to be read as a reference to the interest of the landlord in the property subject to the leasehold interest or lease.