Part 4Stamp duty land tax
Interpretation etc
117Meaning of “major interest” in land
(1)
References in this Part to a “major interest” in land shall be construed as follows.
(2)
In relation to land in England F1... , the references are to—
(a)
an estate in fee simple absolute, or
(b)
a term of years absolute,
whether subsisting at law or in equity.
F2(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)
In relation to land in Northern Ireland, the references are to—
(a)
any freehold estate, or
(b)
any leasehold estate,
whether subsisting at law or in equity.