[F1356OR“Land” and related expressionsU.K.
(1)In this Part “land” includes—
(a)buildings and structures,
(b)any estate, interest or right in or over land, and
(c)land under the sea or otherwise covered by water.
(2)In this Part references to property deriving its value from land include—
(a)any shareholding in a company deriving its value directly or indirectly from land,
(b)any partnership interest deriving its value directly or indirectly from land,
(c)any interest in settled property deriving its value directly or indirectly from land, and
(d)any option, consent or embargo affecting the disposition of land.]
Textual Amendments
F1Pt. 8ZB inserted (with effect in accordance with s. 81 of the amending Act and also with effect in accordance with Finance (No. 2) Act 2017 (c. 32), s. 39(1)(2))) by Finance Act 2016 (c. 24), s. 77(1)